The management of the Benin Electricity Distribution Company (BEDC) Plc, has said that it has commenced implementation of the downward tariff review for its customers on feeder Band A effective May 6, 2024.
The company disclosed that the adjustment tallies with the tariff methodology prescribed by the Nigerian Electricity Regulatory Commission (NERC).
To that end, BEDC added that the tariff for Band A customers has been revised downward from NGN 225/kWh to NGN 206.80/kWh.
A statement endorsed by the BEDC Managing Director and Chief Operating Officer, Mr Deolu, in Benin on Tuesday that: “This downward revision follows meticulous consideration of changes in macroeconomic parameters, particularly the appreciation of exchange rates observed over the preceding month of April 2024.
“It is important to recall that in the previous month, NERC had implemented an increase in tariffs for Band A customers from NGN 68/kWh to NGN 225/kWh.
ALSO: FG slashes Band A electricity tariff to N206.80/kwh
“The revised tariff for Feeder Band A will be reflected in customers’ electricity bills starting from May 6th, 2024.
“Band A customers, representing approximately 15 percent of total electricity consumers, are expected to receive between 20 and 24 hours of electricity supply daily. This revision aligns with NERC’s objective of ensuring fair and sustainable electricity pricing across different customer bands.
“We understand the importance of electricity affordability to our customers, especially during these challenging times,”
“This tariff adjustment comes as a result of careful consideration and consultation with stakeholders to ensure a fair and sustainable pricing structure for our valued customers.” The statement reiterated.
BEDC assured its customers of its commitment to providing reliable electricity services while maintaining affordability for all consumers.
Source: