Obasanjo Farm, 27 Feeders Downgraded From Band A to E Under IBEDC New Regulation - Global Report

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Saturday, April 6, 2024

Obasanjo Farm, 27 Feeders Downgraded From Band A to E Under IBEDC New Regulation

 


The Ibadan Electricity Distribution Company has released the names of erstwhile Band A feeders downgraded to B, C D or E.

Our correspondent reports that the Farm Feeder serving the Obasanjo Farm was downgraded from Band A to Band E in the list released by the IBEDC on Saturday.

About 28 feeders under the Ibadan DisCo were downgraded in Oyo, Ogun, Kwara and Osun States.

According to the list, some areas dropped from 20 hours of daily power supply to zero hour.

This, according to the Nigerian Electricity Regulatory Commission, brought about the removal of those feeders from Band A to the band that fits their daily power allocation.

While announcing the April 2024 supplementary Multi-Year Tariff Order on Wednesday, the Federal Government said it would no longer pay subsidy on electricity consumed by Band A customers, saying others would continue to pay the old rates.

Band A customers, who reportedly enjoy electricity for a minimum of 20 hours per day now pay N225/KWh.

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