Ibadan, Kaduna DisCos hike Band A electricity tariffs, after NERC approval

Ibadan, Kaduna DisCos hike Band A electricity tariffs, after NERC approval

Two power firms, Ibadan Electricity Distribution Company (IBEDC) and Kaduna Electricity Distribution Company (Kaduna DisCo) have announced an increase in electricity tariffs for their Band A customers, with effect from July 1st, 2024.

They said the hike in tariff had received the approval of the regulator, the Nigerian Electricity Regulatory Commission.

Acting Managing Director, IBEDC, Francis Agoha, in a notice said “this adjustment affects only Band A customers.

He added that the tariffs for Bands B, C, D, and E remained unchanged.

Agoha further stated that the company remained committed to providing reliable and efficient electricity services to all its 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,” he said.

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On its part, Kaduna DisCo in a statement by the company’s Head of Corporate Communication, Abdulazeez Abdullahi, also said the tariff for Band A feeders had gone up from N206.80 per kilowatt-hour (kWh) to N209.50 per kWh. This represents a 1.3 per cent increase.

Band A customers are those categorized under the Service Based Tariff regime and receive a guaranteed minimum of 20 hours to 24 hours of electricity supply daily.

This category often includes residential, commercial, and industrial consumers with high electricity consumption.

In the statement titled, ‘Upward Review of Tariff for Band A Feeders’, Abdullahi disclosed that the new tariff became effective on July 1.

“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 both prepaid and postpaid customers.

“Kaduna Electric assures customers on its Band A feeders of the continued availability of 20-24hrs supply daily as stipulated in the Service Based Tariff regime.”

Ibadan, Kaduna DisCos hike Band A electricity tariffs, after NERC approval