By Abiola Olawale
Ibadan Electricity Distribution Company Plc (IBEDC) has officially announced its decision to increase the electricity tariff for Band A customers.
In a public notice issued on Wednesday and signed by the Acting Managing Director, IBEDC, Francis Agoha, Band A customers of IBEDC will now pay N209.50/kWh.
Agoha revealed that the announcement of the increment came after the Nigerian Electricity Regulatory Commission(NERC) approved the tariff increase from N206.80/kWh to N209.50/kWh for users in the category.
The Acting Managing Director also revealed that the tariffs for Bands B, C, D, and E remain unchanged.
The statement reads in part: “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 multi-year tariff supplementary order.
“The adjustment is necessitated by several key economic indices, including fluctuations in the exchange rate, the current inflation rate, available generation capacity, and the cost of gas. These factors have significantly impacted operational costs, and the new tariff will mitigate these financial pressures while continuing to deliver high-quality electricity services.
“It is important to note that this adjustment affects only our Band A customers. The tariffs for Bands B, C, D, and E remain unchanged. We remain committed to providing reliable and efficient electricity services to all our customers across different bands.
“We understand that any change in tariffs can be a concern for our customers, and we assure you that this adjustment is necessary to maintain and improve the quality of our services. Our goal is to ensure that you receive the best possible value for your money.”
This is coming at a time when Nigerians are facing extreme poverty across the country. This has expectedly triggered concerns in certain quarters amongst Nigerians.
