From Ighomuaye Lucky, Benin
The Managing Director and Chief Executive Officer of BEDC Electricity Plc, Mr. Deolu Ijose, yesterday, said he has reduced the tarrif for the Band A customers from NGN 225/kWh to NGN 206.80/kWh.
effective from May 6th, 2024.
He said that this is in compliance with the present day economic reality.
Mr. Ijose disclosed this at the company’s headquarters in Benin City, the Edo State capital.
Ijose said that the revision aligns with NERC’s objective of ensuring fair and sustainable electricity pricing across different customers bands.
According to him “this downward revision follows meticulous consideration of changes in macroeconomic parameters, particularly the appreciation of exchange rates observed over the preceding month of April 2024.
“It is important to recall that in the previous month, NERC had implemented an increase in tariffs for Band A customers from NGN 68/kWh to NGN 225/kWh.
“The revised tariff for Feeder Band A will be reflected in customers’ electricity bills starting from May 6th, 2024.
“Band A customers, representing approximately 15 percent of total electricity consumers, are expected to receive between 20 and 24 hours of electricity supply daily.
“This revision aligns with NERC’s objective of ensuring fair and sustainable electricity pricing across different customers bands.
“We understand the importance of electricity affordability to our customers, especially during these challenging times.
“This tariff adjustment comes as a result of careful consideration and consultation with stakeholders to ensure a fair and sustainable pricing structure for our valued customers”, Ijose added.
He however said that BEDC remains committed to providing reliable electricity services while maintaining affordability to all consumers in its franchise states of Edo, Delta, Ondo and Ekiti.