Abuja DisCo makes U-turn, says no hike on electricity tariff

The Abuja Electricity Distribution Company (AEDC) has urged its customers to disregard the planned tariff increase from July 1, 2023.

The AEDC made the appeal in a statement on Monday, June 26.

It stated: “Please disregard the circulating communication, regarding review of electricity tariffs.

“Be informed that no approval for such increments has been received. We regret any inconvenience.”

The AEDC had, in a statement, said there would be an upward review of electricity tariff from July 1, noting that the tariff increase was influenced by the fluctuating exchange rate.

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It said: “Effective July 1, 2023, please be informed that there will be an upward review to the electricity tariff influenced by the fluctuating exchange rate.

“Under the MYTO 2022 guidelines, the previously set exchange rate of N441/1 dollar may now be revised to approximately N750/1 dollar which will have an impact on the tariffs associated with your electricity consumption.

“For customers within band B and C, with supply hours ranging from 12 to 16 per day, the new base tariff is expected to be N100 per Kilowatts per hour (KWh).

“While Bands A with (20 hours and above) and B (16 to 20 hours) will experience comparatively higher tariffs.”

The electricity distribution company further enjoined its customers with prepaid meters to consider purchasing bulk energy units before the end of June, saying this would allow them to take advantage of the current rates and make savings before the new tariff comes into effect.

The AEDC added that for those on post-paid (estimated) billing, a significant increment is imminent in their monthly billing, starting from August 2023.

The Star