Aba disco announces approval of 50% tariff hike
Aba Power Limited Electric, an electrical distribution firm operating in Abia State, has announced a major rise in electricity pricing, with rates jumping by almost 50 per cent.
The Nigerian Electricity Regulatory Commission approved the increased pricing, which went into effect on January 1, 2025.
The company's official X (formerly Twitter) handle was used to make the announcement and provide information about the new tariff structure.
Remember how the business requested a rise in electricity rates from the commission on December 11, 2024? This indicates that within 26 days, the request was taken into consideration and examined.
Customers classified as Band A feeders would now pay between N219.70 and N241.45 per kWh under the new system, which is a significant increase from the previous N99/kWh.
Band C feeders must pay between N145 and N205/kWh, while Band B users must pay between N180.77 and N203/kWh.
Aba Power used the difficult macroeconomic climate, which has had a major impact on its operating expenses, as justification for the rise.
In a statement accompanying the notice, the company explained, “We also wish to inform you that we have recently received an approval order from the Nigerian Electricity Regulatory Commission for an adjustment of electricity tariffs, effective January 1, 2025.
“This adjustment will enable us to cushion the effects of recent macroeconomic developments in Nigeria on our ability to continue to deliver a high quality of service to our customers in compliance with regulatory standards.”
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