Monday, July 22, 2024
Home Business DisCos Commence Implementation Of New Electricity Tariff

DisCos Commence Implementation Of New Electricity Tariff

The electricity distribution companies (DisCos) on Monday announced that it had resumed the implementation of the new electricity tariff.

You will recall that DisCos had begun implementation of a new service-based reflective tariff (SRT) structure nationwide on September 1 after receiving President Muhammadu Buhari go ahead.

But the implementation met a resistance after the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) objected to the new tariff and called for a nationwide strike.

But after a meeting with the federal government representatives a few hours to the protest, the NLC and TUC shelved the proposed strike after a consensus was reached to halt the electricity tariff increase.

But in a notice on Monday, some of the DisCos announced that they have resumed the implementation of the new tariff from November 1.

According to Ikeja Electric, the new tariff regime will enable the Nigeria Electricity Supply Industry (NESI) to cover the cost of their operations and ensure improved service delivery.

“This revision is further to the consultative review meetings held between the federal government, labour unions and other stakeholders, following concerns raised about the basis of the Multi-Year Tariff Order (MYTO) 2020 SRT tariffs, which were earlier planned to be implemented from 1st September 2020.” Ikeja DisCo said.

“Under the SRT, the tariff classification is based on the quality of service and therefore, divided into 5 Bands (A-E); measured by the average availability of power supply over a month, interruptions (frequency and duration), voltage levels and other service parameters.

“With the revised tariff regime, Non-MD customers in Band A, with a minimum of 20 hours daily will now pay N51.22/Kwh. Band B customers with minimum of 16 hours daily will be charged N46.93/Kwh; while Band C customers with a minimum of 12 hours daily will be charged N37.95/Kwh.

“However, please note that customers in Bands D and E, with minimum of eight hours and four hours per day, respectively, are not impacted by the tariff revision. Their SRT tariffs have been frozen and consequently, they will continue to be charged the old tariff prior to the introduction of the SRT.”

The Abuja Electricity Distribution Company (AEDC) stated that customers on the prepaid platform will be the first to experience the revised tariff from November 1.


Please enter your comment!
Please enter your name here

Most Popular

Prophet Ikuru Urges President Tinubu to Address IPOB Leadership Issue

In a significant statement, Prophet Godwin Ikuru of the Jehovah Eye Salvation Ministry has called on President Bola Ahmed Tinubu to address the issue...


For the fourth consecutive year, Zenith Bank Plc has been named as the Best Corporate Governance 'Financial Services' Africa 2023 by the Ethical Boardroom. The...

World Earth Day 2023: Renowned Environmentalist, Desmond Majekodumi Commends Unity Bank’s Sustainability Strides

Unity Bank Plc has received commendation from one of Nigeria’s foremost environmentalists, Mr. Desmond Majekodunmi for its consistent environmental sustainability initiatives and programmes aimed...

Unity Bank speaks on disclosure of customer’s information to third party

Unity Bank on Tuesday said that the issues raised over disclosure of a customer’s transaction details to an Egyptian third party via emails since...

Recent Comments

x  Powerful Protection for WordPress, from Shield Security
This Site Is Protected By
Shield Security