Abuja Power Company to Increase Tariffs from July 1
The Abuja Electricity Distribution Company (AEDC) will increase tariffs in areas under its network from July 1. AEDC is one of the 11 power distribution companies that cover the Federal Capital Territory (FCT), Niger, Kogi, and Nassarawa States. The company recently announced an increase in electricity tariff due to the fluctuation in the naira exchange rate in the money market. The new tax will take effect from July 1, 2023. The exchange rate is expected to be revised to approximately N750/$1, which will impact the tariffs associated with electricity consumption. Under the MYTO 2022 guidelines, customers in bands B and C, with supply hours ranging from 12 to 16 per day, will experience a new base tariff of N100 per kWh. Bands A (20 hours and above) and B (16 to 20 hours) will share relatively higher taxes. The Nigeria Labour Congress (NLC) had warned the DisCoS to drop the planned tariff increase due to the country's current realities. For customers with a prepaid meter, purchas