Ibadan Electricity Distribution Company Plc (IBEDC) has announced an increase in electricity tariff for Band A customers.

The Company in a statement signed by its Ag. Managing Director, Francis Agoha revealed that the tariff will be adjusted from N206.80/kWh to N209.50/kWh.

The company noted that the increase came after the review had been duly approved by the Nigerian Electricity Regulatory Commission (NERC) as captured in the multi-year Tarif supplementary order.

“IBEDC announces an upward review of the electricity tariff for our Band A customers. Effective immediately, the tariff will be adjusted from N206.80/kWh to N209.50/kWh,” It stated.

The company emphasised that 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.

It added that the factors that necessitated the increase 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.

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“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,” the statement reads

Similarly, the Kaduna Electricity Distribution Company (Kaduna DisCo) has announced an increase in electricity tariffs for its Band A customers.

The DisCo in a statement by its Head, Corporate Communication, Abdulazeez Abdullahi revealed that the tariff has been increased from N206.80/kWh to N209.5/kWh.

This adjustment, effective from July 1st affects both prepaid and postpaid customers and is part of the company’s efforts to enhance service delivery and maintain financial sustainability.

The Guardian gathered that the revised tariff structure will impact residential, commercial, and industrial consumers within Band A, who are typically high-consumption users.

“The Management of Kaduna Electric has informed 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 continued availability of 20-24hrs supply daily as stipulated in the Service Based Tariff regime.

“The public should please note that the tariff for Bands B, C, D, and E remains unchanged.”