The review of energy tariffs for Band A customers will be going up, according to some of Nigeria’s Distribution Companies (DisCos), on Wednesday
According to remarks made on the X accounts of a few of the country’s distribution corporations, the upward reassessment will begin on July 1. Customers in Band A will now pay N209.5/kWh, up from the previous rate of N206.80/kWh, according to the distribution companies.
Continuing, they mentioned that there will be no changes to the tariffs for Bands B, C, D, and E.
According to the firms, charges increased as a result of the 2024 MYTO adjustment for Band A consumers.
What the Discos are saying
The Port Harcourt Electricity Distribution Plc (PHED), using its X account, stated, “Dear esteemed customers, Please be informed that there is an upward tariff review for our Band A feeders from N206.80/kWh to N209.5/kwh effective 1st July 2024. The guaranteed availability of a minimum of 20 hrs per day still stands.
“The tariff for Bands B, C, D, and E remains unchanged,” they added.
Kaduna Electricity Distribution Company (Kaduna Electric) stated in a similar manner, “Dear esteemed customers, the management of Kaduna Electric informs the public of an upward review in the tariff of Band A feeders from N206.80/kWh to N209.5/kWh.
“The review is effective from 1st July 2024 and affects prepaid and postpaid customers. Kaduna Electric assures customers on its Band A feeders of the continued availability of 20-24 hrs daily as stipulated in the service-based tariff regime,” they added.
Furthering, a statement bearing Francis Agoha’s signature as acting Managing Director of IBEDC read, “Effective immediately, the tariff will be adjusted from N206.80/kWh to N209.50/kWh. This review has been duly approved by the Nigerian Electricity Regulatory Commission (NERC) as captured in the mIn April, the Nigerian Electricity Regulatory Commission (NERC) ordered the immediate upward review of electricity tariffs. multi-year tariff supplementary order.”
Ikeja Electricity (IE) and Abuja DisCo (ABEDC) both made posts akin to this.
Backstory
The rapid upward revision of electricity pricing was mandated by the Nigerian Electricity Regulatory Commission (NERC) in April. According to Musiliu Oseni, the vice chairman of NERC, just 15% of electricity users will be impacted by the increase.
He stated that as a result, power distribution companies (DisCos) would be permitted to increase the price of electricity from N68 to N225 per kilowatt-hour. Nigerians were critical of the decision.
However, the distribution firms declared a tariff cut on May 6. Customers in Band A would now pay N206.80/kwh instead of N225/kwh, according to the distribution firms, who announced the cut at the time.
