The Abuja Electricity Distribution Company (AEDC) on Monday has made a u-turn on planned electricity tariff hike.
It appealed to its customers to disregard the planned tariff increase as approval for such an increment had not been received.
AEDC management made the appeal in a statement on Monday in Abuja.
Recall that AEDC had earlier in a statement, said there would be an upward review of electricity tariffs from July 1.
According to the statement, the tariff increase is influenced by the fluctuating exchange rate.
“Effective July 1, 2023, please be informed that there will be an upward review of the electricity tariff influenced by the fluctuating exchange rate.
“Under the MYTO 2022 guidelines, the previously set exchange rate of N441/1 dollar may now be revised to approximately N750/1 dollar which will have an impact on the tariffs associated with your electricity consumption.
But in a new statement issued on Monday, AEDC urged the general public to disregard such increment.
“Please disregard the circulating communication, regarding the review of electricity tariffs.
“Be informed that no approval for such increments has been received. We regret any inconvenience.”The statement reads
