By Jacob Uket
The IBEDC has announced an immediate increment of electricity tariff by N2.70 for Band A.
Francis Agoha, the acting managing director, has stated that the tariff increment has been approved by the Nigerian Electricity Regulatory Commission (NERC) from N206.80/kWh to N209.50/kWh for Band A category users.
Mr Francis Agoha has also stated that, the tariffs for Band B, C, D and E remain unchanged.
According to a public notice signed by Agoha on Wednesday, the management of IBEDC stressed 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.
Mr Agoho went on to tell the general public that these factors have significantly impacted operational costs, and the new tariff will mitigate these financial pressures while continuing to deliver high quality electricity services.
He stressed that the company remains committed to providing reliable and efficient electricity services to all its customers across different Bands.
“We understand that any change in tariffs can be a comcern 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,” Concluded Mr Agboho.