The Abuja Electricity Distribution Company (AEDC) has issued a notification to its customers, informing them of an upcoming electricity tariff increase starting from July 1, 2023. The decision to review the tariff is attributed to the fluctuation of the Naira in the exchange rate.
According to the statement released on Sunday, June 25, the exchange rate under the MYTO 2022 guidelines, previously set at N441/$1, may now be revised to approximately N750/$1. This revision will have an impact on the tariffs associated with electricity consumption.
Customers falling within Bands B and C, with supply hours ranging from 12 to 16 per day, can expect a new base tariff of N100 per kWh. On the other hand, Bands A (20 hours and above) and B (16 to 20 hours) will experience relatively higher tariffs.
For customers using prepaid meters, the AEDC encourages them to consider purchasing bulk energy units before the end of the current month. This will enable them to take advantage of the current rates and potentially save costs before the new tariffs come into effect.
Customers on post-paid (estimated) billing should anticipate a significant increase in their monthly bills starting from August.