EEDC hikes electricity tariff by 13%, blames worsening economy
The Enugu Electricity Distribution Company (EEDC), says that the recent electricity tariff adjustment of about 13 per cent reflects economic realities meant to keep the electricity industry alive.
EEDC spokesman Emeka Ezeh disclosed this to in Enugu on Sunday.
The tariff rate for Non-MD customers under R2SB class increased from N58.47 to N66.47 per kilowatt.
Mr Ezeh spoke on the sidelines of complaints by some customers over the surprise increase in tariff per kilowatt they noticed which cuts across all categories of customers within the company’s network franchise area in the South-East.
He said that the minor adjustment, which took effect from December 1, 2022, was approved by the Nigerian Electricity Regulatory Commission (NERC) some months ago across all electricity distribution companies in the country.
According to him, there is a minor adjustment by some percentage across board in the whole electricity distribution companies nationwide currently and it is not peculiar to EEDC alone.
He said: “Currently, the sector is seriously affected by the high inflationary rate in the country; as it affects our daily operational maintenance and services to our esteemed customers in our network.
“The issue of high foreign exchange rate is affecting our business too in terms of importing most of our spare parts needed for daily maintenance and repairs in the network.
“The high foreign exchange rate also impact on EEDC ever increasing investment on installations to further expand and fortify the network, leading to the improved services customers are experiencing within the South-East.”
The EEDC spokesman appealed for the understanding of its esteemed customers, adding that if the indices mentioned and other factors “turn positive tomorrow; we belief that NERC will review the tariff downwards”.
“The recent development is for us to remain in business, service our customers better and maintain obligations to other stakeholders within the sector/industry,” he added.
However, customers within the EEDC network in Enugu have continued to complain that the increase is already tightening the existing economic hardship.
They were of the view that before now, the high inflationary rate of about 22 per cent, according to the National Bureau of Statistics (NBS), was even affecting how their families feed daily.
Obinna Nwafor, a resident of Achara layout in Enugu, noted that it was terrible that the residents cannot get any economic respite; “as there are so many struggles to survive in the country”.
Mr Nwafor said: “I wish this increase has not come now; so that at least we can have a sector that is relatively stable and not being affected by the nationwide inflationary trend”.
Jude Onyia, a resident of Uwani axis of Enugu metropolis, urged EEDC to consider those in the lower categories of their tariff line and exclude them from the increase.
“It is clear that those of us in the low category of the tariff cannot easily meet up and other alternatives to electricity are quite costly too,” Mr Onyia said.
Curated from: https://gazettengr.com/eedc-hikes-electricity-tariff-by-13-blames-worsening-economy/?utm_source=rss&utm_medium=rss&utm_campaign=eedc-hikes-electricity-tariff-by-13-blames-worsening-economy
TAGS: #EEDC #hikes #electricity #tariff #blames #worsening #economy