PORT HARCOURT (Sundiata Post) – Port Harcourt Electricity Distribution Company (PHED) has attributed the recent tariff increase for Band A customers to the escalating cost of doing business in the country.
PHED’s spokesman, Olubukola Ilevbare, told newsmen in Port Harcourt on Monday that the April 3 price adjustment was in line with the 2024 Supplementary Mult i-Year Tariff Order (MYTO).
“The new tariff is designed to mitigate the impact of recent changes in key economic indices like inflation rate, foreign exchange rates, and gas prices.
“It is intended to enhance the fulfilment of various obligations across the value chain which impact operational efficiency and ensure a reliable power supply for customers.
Ilevbare emphasised that the adjustment would empower PHED to offer customers improved service to reflect the increased cost of electricity.
“PHED is committed to fully complying with the objectives of the new tariff order, and customers Bands B, C, D and E can be reassured that their tariffs remain unchanged.
“Our esteemed customers can anticipate better service delivery as a result of the 2024 MYTO implementation,” the spokesman assured.
Reports that PHED supplies electricity to customers in Akwa Ibom, Bayelsa, Cross River and Rivers states. (NAN)
