The Ibadan Electricity Distribution Company Plc. says it has begun the implementation of the revised service-based reflective tariff in accordance with the approval by the Nigerian Electricity Regulatory Commission.
According to a statement issued by the IBEDC on Tuesday, the implementation of the new tariff was effective from November 1.
The statement by the Head, Branding and Corporate Communications, Angela Olanrewaju, read that customers on the pre-paid platform would be the first to experience the revised tariff whenever they vend in this month of November.
The statement read that “For our post-paid customers, the revised tariff will reflect in the electricity bills they receive at the end of November 2020.
“Kindly recall that the new tariff is divided into 5 Bands and based on hours of supply to customers, measured by the daily average availability of supply over a month. Customers on bands A, B and C will see some level of increase on their last month’s tariff as they vend, while customers on bands D and E have their tariff frozen.
“We appeal for the continued support and understanding of our esteemed customers as we begin the implementation of the revised service centric tariff, developed to meet your yearnings for an improved and efficient Electricity Supply Industry in Nigeria.’’
