Aba Power Limited Electric (APLE) has announced its intention to increase electricity tariffs in its franchise area starting January 1, 2025.
The company has applied to the Nigerian Electricity Regulatory Commission (NERC) for approval of the proposed hike.
Ugo Opiegbe, Managing Director of Aba Power, disclosed this during a NERC hearing in Abuja.
The proposed tariff increase is attributed to inflation, rising exchange rates, and high operational costs. If approved, the new tariffs will see significant increases across various customer bands.
For non-maximum demand customers in Band-A, the tariff will rise from N99.9/kWh to N223.12/kWh. Maximum demand (MD1) customers in Band-A will see an increase from N107.5/kWh to N240.09/kWh, while those in MD2 will pay N245.2/kWh instead of the current N109.79/kWh2.
Opiegbe explained that the hike is necessary to ensure improved and stable power supply to customers in Aba.
He highlighted that the bulk of power will be supplied by the Aba Independent Power Plant owned by Geometric Power, with supplementary supply from the Alaoji Power Plant owned by the Niger Delta Power Holding Company (NDPHC).
NERC Vice Chairman, Musiliu Oseni, emphasized the Commission’s commitment to balancing the interests of consumers and service providers.
He assured that the Commission would critically review the parameters set by the company to ensure that customers benefit from the proposed tariff increase
