Five electricity Distribution Companies (DisCos) have announced a tariff increase from N206.80 per kilowatt to N209.5 per kilowatt-hour (kwh) for premium customers under the Band A category.
In separate statements yesterday, the DisCos said the increase took effect from July 1 and applies to prepaid and postpaid customers.
Kaduna DisCo, in a notice posted on X, assured its customers on Band A feeders of continued availability of 20-24 hours supply daily as stipulated in the service-based tariff regime.
The firm also said Bands B, C, D, and E tariff remains unchanged.
Similarly, the Port Harcourt DisCo said the guaranteed availability of a minimum of 20 hours per day still stands, adding that tariff for Bands B, C, D, and E remains unchanged.
“While tariffs for Bands B, C, D, and E remain unchanged, we remain steadfast in our drive to serve all our customers efficiently,” the Kano Electricity Distribution Company (KEDCO) Plc said.
Speaking on the rationale for the hike, Ikeja Electric said the increase aligns with the service-based tariff regime.
“Kindly note the review in tariff of Band “A” feeders from N206.80/kWh to N209.5/kWh effective 1st July 2024 in line with the service based tariff regime,” the statement reads.
“The tariff for Bands B, C, D and E remains unchanged.”
The Ikeja DisCo said the development will further sustain the improved service delivery currently being experienced across all feeder bands within its network.
Confirming the development, the Acting Managing Director, Ibadan Electricity Distribution Company Plc (IBEDC), Francis Agoha, said in a statement that the hike has been approved by the Nigerian Electricity Regulatory Commission (NERC) and effective immediately.
The statement read: 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.”
On May 6, DisCos announced a reduction in the tariff of customers under the Band A classification to N206.80 per kilowatt-hour (kwh).
The slash came over a month after NERC approved an increase in electricity tariff for customers under Band A to N225 per kwh — from N66 — on April 3.
Customers under this classification receive 20 hours of electricity supply daily.
