New electricity tariff: DisCo provides insight

Port Harcourt Electricity Distribution Company (PHED) has clarified the recent tariff adjustment for Band A customers, citing escalating business expenses in Nigeria.

PHED’s spokesman, Olubukola Ilevbare, stated on Monday in Port Harcourt that the April 3 price revision aligned with the 2024 Supplementary Multi-Year Tariff Order (MYTO).

According to Ilevbare, the over 200% increase for Band A customers stemmed from the MYTO agreement with the Nigerian Electricity Regulatory Company (NERC).

He explained that the tariff adjustment aimed to counter the impact of economic changes like inflation, forex rates, and gas prices.

Under the new structure, customers on Band A Feeders, receiving a minimum of 20 hours of electricity daily, will be billed at N225 per kilowatt.

Ilevbare highlighted that this adjustment would empower PHED to enhance service delivery in response to increased electricity costs.

“PHED is fully committed to complying with the objectives of the new tariff order,” assured Ilevbare.

He confirmed that tariffs for customers in Bands B, C, D, and E remained unchanged, offering reassurance to these segments.

As PHED serves customers in Akwa Ibom, Bayelsa, Cross River, and Rivers states, the implementation of the 2024 MYTO is expected to result in improved service delivery for its esteemed customers.