FG Hikes Electricity Tariff Sept 1

The 11 power Distribution Companies (DisCos) have gotten approval from the Nigerian Electricity Regulatory Commission (NERC) to slightly increase electricity tariff from Wednesday, September 1.

Daily Trust confirmed this through a notification to customers from the Eko Electricity Distribution Company (EKEDC) dated 25th August 2021.

The notice signed by the General Manager, Loss Reduction at EKEDC, Olumide Anthony-Jerome said: “This is to officially notify you that there will be an increase in electricity tariff with effect from September 1, 2021. This increase is as a result of the nationwide mandate to implement the Service-Based Tariff (SBT) approved by our regulators (NERC).”

The notice said the increase will be reflected on the energy bill for October which will represent energy consumption for September 2021.

“In addition, for our metered customers with internal vending arrangements, we urge you to adjust the rates accordingly to reflect the new tariff increase as released by NERC.”

According to the newly approved plan for Eko DisCo, customers under Band A non-maximum Demand (MD) – customers with lower power consumption capacity have their rates increased by N2 per kilowatts hour (kwh), from N54.08/kwh to N56.08/kwh and are promised at least 20 hour of supply daily.

MD1 customers on Band A will pay N58.94/kwh from N56.94/kwh.

The tariff will be in effect from September to December 2021, the notice stated.

For instance, customers on Band D and E are also affected: Residential Customer 2 S (R2S), Commercial customers (C1S) and Industrial customers1S (D1S) who paid N26/kwh between July and August will now pay N28/kwh.

However, EKEDC in a statement signed by its MD/CEO, Engr. Adeoye Fadeyibi, also seen on Saturday, urged customers to disregard all such reports not emanating from the management or the company’s website.

“We advise all customers to disregard all communications that have not been issued by management or published on the company’s website,” it stated.
Source: Daily Trust

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