The energy cost for Band A users would be reviewed increased, according to a statement made by Ibadan energy Distribution Company Plc (IBEDC).
The Nigerian Electricity Regulatory Commission has approved the rate hike for users in the category, which will bring the price per kWh from N206.80 to N209.50, according to Francis Agoha, Acting Managing Director of IBEDC.
Agoha on Wednesday signed a notification to the public stating that the rates for Bands B, C, D, and E are unaltered.
“Effective immediately, the tariff will be adjusted from N206.80/kWh to N209.50/kWh,” the statement stated. According to the multi-year tariff supplementary order, the Nigerian Electricity Regulatory Commission (NERC) has officially accepted this revision.
“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,” Agoha said.
