BEDC cuts down tariff to work with NERC on BandA customers

By Elvis Omoregie, Benin

The Benin Electricity Distribution Company Plc (BEDC) has announced a tariff review for Feeder Band A, effective from May 6th, 2024.

The adjustment is to align with the new tariff methodology prescribed by the Nigerian Electricity Regulatory Commission (NERC).

The tariff for Band A customers has been revised downward from NGN 225/kWh to NGN 206.80/kWh.

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.

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,” said Mr. Deolu, MD/CEO of BEDC Electricity Plc.

“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.”

As always, BEDC remains committed to providing reliable electricity services while maintaining affordability for all consumers.