Abuja Electricity Distribution Company, AEDC, has announced the new tariff increment in the Federal Capital Territory, FCT, from July 1 2023.
The AEDC in a statement issued on Sunday, noted that the upward review was needed following the fluctuation of the naira in the exchange rate market.
Last week, the naira, Nigeria’s legal tender, reportedly traded at N756 per dollar at the investors and exporters (I&E) window.
In the statement, the electricity company said, “please be informed that there will be an upward review to the electricity tariff influenced by the fluctuating exchange rate effective July 1st 2023.
“The new base tariff for customers within band B and C, with supply hours ranging from 12 -16 per day, is expected to be N100 per kWh while Bands A with (20 hours and above) and B (16 to 20 hours) will experience comparatively higher tariffs.
“We encourage customers with a prepaid meter to consider purchasing bulk energy units before July to take advantage of the current rates and potentially make savings before the new tariffs come into effect.
“And for those on post paid (estimated) billing, a significant increment is imminent in your billing, starting from August.”