The company said single phase unit and three-phase meter unit would be sold at N63,061.32 and N117,910.69 respectively.
Nigerians are expecting better times in terms of electricity supply and can’t wait to reap the benefits of such plans.
The increase in tariff will take effect from September 1, with a tariff rate of between N42.44 to 58.94, depending on customer class.
Mr Oyelade ordered IBEDC to start fresh billing from December 2020 for all the customers affected by the estimated billing in the area.
Despite ordering a reversal of the hike, Mr. Mamman ironically doubled down on NERC’s statement on Tuesday which denied the increment.
The new tariffs are expected to rise even higher mid-2021 upon implementation of a Cost Reflective Tariff (CRT), billed to commence from June.
The new rates did not appear to have a broader consensus amongst electricity regulators, distributors and labour unions.
The regulatory agency said
the huge metering gap for end-use customers remained a key
challenge in the industry.
Residents say the power distributor has finally implemented last week’s deal between government and labour.
Power distributors are reluctant to back down on their recent tariff hikes, putting a government-labour deal in jeopardy.
