Ibadan Distribution Company Begins Downward Review Of Electricity Tariff

The Ibadan Electricity Distribution Company Plc (IBEDC) in Ogo State has announced the downward review of rates for its customers on band A.

The review, which was disclosed in a public announcement by the management of the company, said customers are now to pay N206.80/kwh instead of the initial N225/kwh.

The company said that “the downward review of the tariff regime, which was approved by the Nigerian Electricity Regulatory Commission (NERC), takes effect from May 4th, 2024.”

IBEDC noted that customers using prepaid meters will be the first to experience the revised tariff of N206.80/Kwh whenever they vend in the month of May, while post-paid customers will enjoy the revised tariff in the electricity bills they receive at the end of May, 2024.

It stated that the tariffs for bands B,C,D and E remain unchanged.

The notice reads: “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 Regulatory Commission (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 remain unchanged.”

The IBEDC further assured customers of its unequivocal commitment to ensuring quality and improved service across its franchise.

Mercy Chukwudiebere