IBEDC reduces electricity tariff for Band A customers 

The Ibadan Electricity Distribution Company (IBEDC), has reduced the electricity tariff for Band A feeders from N225/kwh to N206.80/kwh.

The distribution company made the disclosure in a notice to customers on Monday, May 6, 2024.

It said the tariff for Band A customers had been reduced to N206.80/kwh with effect from Saturday, May 4.

IBEDC said, “Dear Esteemed Customers, please be informed that the Ibadan Electricity Distribution Company Plc (IBEDC) has begun the implementation of a downward review in tariff rate from N225/kwh to N206.80/kwh as approved by the Nigerian Electricity Regulation Company (NERC) for band A customers only.

“The new tariff is effective from 4th May, 2024.

“Customers using prepaid meters will be the first to experience the revised tariff – N206.80/kwh whenever they vend in this month of May. While for post-paid customers, the revised tariff will reflect in the electricity bills they receive at the end of May 2024.

“Kindly note the tariffs for band B, C, D and E remains unchanged.

“IBEDC is also assuring its customers that we remain unequivocally committed to ensuring quality and improved service across our franchise.”

It would be recalled that NERC, in April, approved an increase in electricity tariff for customers under the band A classification.

With the new tariff, customers under the category, who receive 20 hours of electricity supply daily, started to pay N225 per kilowatt as against N66.