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Wednesday, July 24, 2024

Why Band A electricity consumers will pay N19 less per kWh

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As the anger over electricity tariff continues to escalate across the country, it is not out of love for high-end electricity consumers that the Nigerian Electricity Regulatory Commission (NERC) on Monday reviewed electricity tariff for Band A consumers from N225 to 206.8/ kWh.

It is simply because there has been some measure of improvement in the value of the Naira, going by explanations by the commission.

It did not, however, say what it will do if the nation’s currency plummets.

NERC has subsequently directed the electricity distribution companies (DisCos) to review downward the tariff paid by the consumers.

“Effective from May 6, 2024, Band A end-user tariffs have been reviewed to NGN206.8/ kWh under MYTO 2024. This is largely driven by the relative appreciation of the Naira in the official foreign exchange window,” the Commission stated.

Band A electricity consumers, according to NERC and Discos, are those who enjoy a daily supply of a minimum of 20 hours; but there have been loud protests that in many cases this supply level is not achieved.

There have been complaints by those on other bands that they appear to be suffering reduced supply to meet up the demand of those on Band A, but there is no concrete evidence of this trend.

Following the directive by NERC, DisCos have begun to comply.

Abuja Electricity Distribution Company (AEDC) in a notice on Monday said, “We are pleased to share with you the revised tariff for our Band ‘A’ feeders,  which will decrease from N225/kwh  to N206.80 effective May 6.

“We assure customers on our Band ‘A’ feeders of continued availability of electricity supply for 20-24 hours daily. Please note that the tariffs for Band B, C D and E remain unaffected”.

The Ibadan Electricity Distribution Company (IBEDC) spokesperson, Mrs Busolami Tunwase, said that the new tariff was with effect from  May 4.

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

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

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