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Electricity consumers will now pay more for the cost of power following the coming into effect of new revised tariff as approved by the Nigerian Electricity Regulatory Commission (NERC)
The is as the Ibadan Electricity Distribution Company Plc (IBEDC) has commenced the implementation of the revised service-based reflective tariff adopted by the NERC.
In a statement on Tuesday by IBEDC’s Head Branding and Corporate Communications, Angela Olanrewaju, said; “the new tariff took effect from 1st November 2020.
According to the statement, it stated; “that customers on the pre-paid platform will be the first to experience the revised tariff whenever they vend in this month of November. While for our Post-paid customers the revised tariff will reflect in the electricity bills they receive at the end of November 2020.
The statement added that some levels of consumers would see increase on their next bill, while others have theirs frozen.
“Kindly recall that the new tariff is divided into 5 Bands and based on hours of supply to customers, measured by the daily average availability of supply over a month. Customers on bands A, B & C will see some level of increase on their last month’s tariff as they vend, while customers on bands D & E have their tariff frozen,”