The power cost for our Band A clients will be reviewed increased, as announced by Ibadan power Distribution Company Plc. The tariff will change from N206.80/kWh to N209.50/kWh with immediate effect. The Nigerian Electricity Regulatory Commission (NERC) has duly accepted this review, as evidenced by the multi-year Tarif supplementary order.
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Many important economic indicators, such as changes in the currency rate, the rate of inflation at the moment, the amount of generation capacity that is available, and the price of gas, call for the adjustment. These elements have had a major influence on operating costs; however, the new pricing will relieve some of the financial strain while maintaining the provision of excellent power services.
It is significant to remember that this change just impacts our Band A clients. There has been no change to the rates for Bands B, C, D, and E. We are still dedicated to offering all of our clients throughout the various bands dependable and effective electrical services.
We acknowledge that our consumers may be concerned about any changes to tariffs, but we can tell you that these adjustments are required to preserve and raise the caliber of our services. Making ensuring you get the most value for your money is our main objective.
