Despite the criticism of the Nigeria Labour Congress, power distribution companies acknowledged and reiterated on Sunday night that the tariffs due by energy users across the country would increase starting July 1, 2023.
Recall that the NLC had opposed the proposed hike in the tariffs payable by electricity consumers nationwide.
NLC President, Joe Ajaero, had said “the plan to increase electricity tariff by 40 per cent by July 1 was both insensitive and callous and reflects an organised indifference to the wellbeing of consumers, especially, the poor ones,” and warned against the move by Discos.
However, in separate messages to their clients obtained by our correspondent on Sunday night, the Discos announced that electricity costs would increase beginning July 1, 2023, and offered reasons for this.
In a public service announcement from the Abuja Electricity Distribution Company, the AEDC 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 (Multi Year Tariff Order) 2022 guidelines, the previously set exchange rate of N441/$1 may now be revised to approximately N750/$1 which will have an impact on the tariffs associated with your electricity consumption.
“For customers within bands B and C, with supply hours ranging from 12 to 16 per day, the new base tariff is expected to be N100 per kWh while Bands A with (20 hours and above) and B (16 to 20 hours) will experience comparatively higher tariffs.”
The power firm stated that “for customers, with a prepaid meter, we encourage you to consider purchasing bulk energy units before the end of this month as this will allow you take advantage of the current rates and potentially make savings before the new tariffs come into effect.”
It added that “for those on post-paid (estimated) billing, a significant increment is imminent in your monthly billing, starting from August.”
The Ikeja Electricity Distribution Company also confirmed the spike, saying, “Dear customers, electricity tariffs are set to go higher on July 1st due to the floating exchange rate.”
“MYTO 2022 set the exchange rate at N441/$1, which may now be adjusted to about N750/$1.We may be looking at a base tariff of N100 per kWh for Band C (12 – 16 supply hours per day).
“Bands A (20 hours and above) & B (16 – 20 hours) will be much higher. If you have a prepaid meter, buying bulk energy units for your home or office before the end of the month may help you make some savings before you have to buy at the new rate.”
It warned that for individuals on post-paid (estimated) billing, a big increase in monthly pricing was coming in August.
“Please take note. Electricity units are set to jump by 30 to 40 per cent in just over a week. You are best advised to buy as many units as you can before July 1.”
