IBEDC reviews band A tariff to N206.80/Kwh for customers

Date:

May 6, 2024.

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Azonuchechi Chukwu.

The Ibadan Electricity Distribution Company (IBEDC) has begun the implementation of a downward review of tariff from N225/Kwh to N206.80/Kwh for band A customers in its coverage territory.

This review followed the directive by the Nigerian Electricity Regulatory Commission (NERC) to discuss downward tariffs for band A customers only.

The National Assembly, in response to protests by electricity consumers over tariff increase, had directed the commission to intervene.

The Lead of Media Relations, IBEDC, Mrs Busolami Tunwase, in Ota, Ogun, said that the new tariff was with effect from May 4.

“Customers using prepaid metres will be the first to experience the revised tariff – N206.80/Kwh whenever they vend this month of May.

“While for postpaid customers, the revised tariff will reflect in the electricity bills to be received at the end of May 2024,” she said.

Tunwase said that the tariffs for bands B, C, D and E remain unchanged.

She assured the customers that IBEDC remains unequivocally committed to ensuring quality and improved service across our franchise.

The IBEDC coverage territory includes Oyo, Ogun, Osun, Kwara, and parts of Ekiti, Niger and Kogi.

Earlier, the Ikeja Electricity Distribution Company slashed the tariff payable by its Band A customers to N206.80 per kilowatt-hour from the N225/kWh approved by the Nigerian Electricity Regulatory Commission.

The spokesperson for the IKEDC, Olufadeke Omo-Omorodion, disclosed this on Monday.

According to the notice, the downward tariff review for Band A customers would take effect on Monday, May 6, 2024.(www.naija247news.com). (NAN)


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Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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