The management of the Abuja Electricity Distribution Company (AEDC) has commenced implementation of the new Service Reflective Tariff Plan (SRT) in Abuja and its environs.
The company’s General Manager, Corporate Communications, Mr. Oyebode Fadipe, communicated this via a press release made available to the media in Abuja.
Mr. Fadipe stated that the Service Reflective Tariff plan was an Innovative tariff structure designed to deliver on the need for an upward review of tariff with an attendant caveat of improved service in the power sector.
The new tariff becomes effective from September 1, 2020, following the Service Reflective Tariff approved for AEDC by the Nigerian Electricity Regulatory Commission (NERC).
SRT plan is a NERC mandated tariff structure whereby an upward increment in tariffs will result in substantially longer hours of power supply, good quality voltage profile, swifter response to faults clearing and provision of pre-paid meters.
Elaborating on the new tariff, AEDC said the SRT is specially designed to ensure equity and fairness in the delivery of quality service to customers.
It noted that it will also ensure that customers enjoy value for their money while the power sector, in turn, is better positioned for optimal performance.
According to the press release, the Service Reflective Tariff plan signals a new approach to tariff design which is required to ensure equity and fairness in delivering quality service to customers and ensuring that customers get good value for their money.
On how the plan would work, Mr. Fadipe noted:
“The new tariff design proposes upwardly adjusted tariffs for customers who are not averse to paying more to enjoy longer hours of supply, standard voltage profile and faster fault clearance timelines!”
He further stated: “While we keep working at ensuring all classes of customers enjoy improved supply, customers who enjoy less than 12hrs of supply will not be affected by the new tariff plan.
“Hours of supply to this class of customers will also not be adversely affected by the Implementation of the plan.”
Mr. Fadlpe encouraged customers to embrace this new tariff design as the goal of the plan was to ensure that customers enjoyed Improved service and also to position the power sector for optimal performance going forward.
According to the press release, additional updates on the new tariff plan will be communicated to customers via the company’s social media platforms.
AEDC pledged to work at ensuring all classes of customers enjoy improved supply.
It stated that customers who enjoy less than 12 hours of supply will not be affected by the new tariff plan.