ibedc new electricity tariff

John Ayodele has said that the recent increase in electricity tariff is a product of necessity to help distribution companies recoup outstanding debts to keep the sector afloat. Technical Feedback: whatsapp 08023469027 READ our Privacy-policy and cookie policy. It seems that the target of this robbery is to stop the efforts we are making to mass produce the first ever locally mad... Denrele Animasaun Never be afraid to raise your voice for honesty and truth and compassion against injustice and lying a... 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Ayodele further stated that the electricity company has ran into about N3.5 billion market shortfall, adding that they also recorded N27 billion shortfall this year. Ayodele also explained that the company is very mindful of the challenging economic situation occasioned by the global pandemic COVID-19, but the macroeconomic facts of rising inflation rates and a volatile foreign exchange market compelled the implementation of the new tariff design. This is required to meet the new Performance Improvement Plans (PIP) for Electricity Distribution Companies in Nigeria, as well as to achieve financial and fiscal sustainability in the Nigerian power sector.”, “In order to provide more efficient and reliable service to customers, cost-reflective tariffs are required to cover the cost of critical investment in infrastructures and other parameters necessary for improved service delivery.”, “This new tariff design is based on the quantity of power supplied as customers will only pay based on the availability of supply.”, “For example, the IBEDC tariff design is based on service delivery, such that those receiving 20hrs supply daily will pay more than those getting 10hrs.”. By Adeola Badru THE Ibadan Electricity Distribution Company (IBEDC), has said it will begin the implementation of a tariff review effective July 1. This site uses Akismet to reduce spam. “At this point in time, government has taken a decision and we are about to abide by the decision. The Chief Operating Officer, COO, of the company, Mr. John Ayodele, who made the disclosure in a statement issued in Ibadan, the new tariff was commensurate and aligned with the quality and availability of power supply committed to each cluster of customers under the SRT. What is tariff shortfall, what is market shortfall? The #EndSARS protests have crossed a two-week threshold. “The tariff review is to reflect macroeconomic indices in Nigeria and the global harsh economic realities facing the power sector.”. 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