The Abuja Electricity Distribution Company (AEDC) denied the planned tariff increase that was supposed to be implemented from July 1, 2023.
On Sunday, the DisCo released a statement indicating that, according to the MYTO 2022 guidelines, the previously set exchange rate of N441/$1 might be revised to approximately N750/$1. This revision was expected to have an impact on the tariffs associated with electricity consumption.
For customers in bands B and C, with supply hours ranging from 12 to 16 per day, the new base tariff was projected to be N100 per kWh. Bands A, with 20 hours and above, and B, with 16 to 20 hours, would experience comparatively higher tariffs.
However, in a tweet on Monday, the DisCo announced that customers should disregard the previous communication, stating that no approval for such an increase had been received.
The tweet read: “Dear Esteemed Customers, Please disregard the communication circulating in the media regarding the review of electricity tariffs. Be informed that no approval for such increments has been received. We regret any inconvenience.”
Meanwhile, the President of the Nigeria Consumer Protection Network, Kunle Olubiyo, stressed the need for the Federal Government to divest its 40% stake in the Power Sector, thereby breaking the monopoly of the 11 Electricity Distribution Companies.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Full list: Covenant University ranks among Top 10 varsities in Africa
Covenant University, in Ota, Nigeria, has been ranked 7th in Times Higher Education’s (THE) inaugural Sub-Saharan Africa University Rankings for…
PEPC: Tinubu’s Chicago University admission transcript has female gender, Witness tells court
The Presidential Election Petition Court (PEPC) sitting in Abuja on Friday, admitted in evidence a transcript in…
‘How gunmen slaughtered vigilante operative in Enugu’
Gunmen have reportedly killed a member of the vigilante group, otherwise known as the Central Neighborhood Watch in…
Nigerians have reacted to the recent ‘implosion’ of a submersible called Titan which claimed the lives of…
‘NFF may have seen enough of him’, Ike Shorunmu speaks on possible renewal of Peseiro’s contract
Former Super Eagles goalkeeper, Ike Shorunmu, has expressed doubts about the renewal of head coach Jose Peseiro’s contract by…
LAST week, in fulfilment of his campaign promise, President Bola Tinubu signed into law the Student Loan Bill as…
CONTINUING efforts to fulfil its mandate through strategic collaborations, the National Troupe of Nigeria (NTN)…
A few days ago, the Federal Inland Revenue Service (FIRS) ordered all banks in the…
A group christened 'Lawyers for the Cause of Bauchi (LAWBA)' has decried the "selective, partial…
A group known as 'Forum of Ayatutu Professors' in Benue State on Saturday called for…
"Government and journalists are partners in progress particularly in a democratic dispensation. We understand that…
"Your work aligns clearly with our policy, and it also reflects leadership and foresight. You…
This website uses cookies.