The management of Benin Electricity Distribution Company (BEDC) Friday stated that “only customers that enjoy between 12 to 20 hours power supply would pay the new electricity tariff” as recently announced by the federal government.
The company, however, disclosed that customers who received power supply between eight and four hours “will continue to pay old rates until end of year.”
The company’s executive director, Mr. Abu Ejoor, stated this during a media engagement on the new Service-Based Tariff (SBT) for Nigerian Electricity Supply Industry.
According to him, the new tariff regime also provides that customers can move to upper bands of more power availability as their quality of service improves and accordingly pay appropriate tariff.
He said: “The SBT is a leap into a regime where customers of BEDC across the franchise states of Delta, Edo, Ekiti and Ondo. Whilst addressing the changes in macro-economic indices – forex, inflation, cost of capital, the SBT would also provide the needed funding required for investment to bolster improved service.”
