Increase in Electricity Tariff; Customers to Pay More

The latest news to storm Nigerians after a trying period this year is the increase in electricity tariff. As approved by the Regulator; the revised Service Reflective Tariff (SRT) would take electricity tariff plans a spike higher; resulting in fewer units for buying consumers.

SRT was meant to take effect from September 1st, 2020 but was suspended after the Federal Government, Labour Unions, and other stakeholders met to discuss concerns raised about the tariff increase. However, the Nigerian Electricity Regulatory Commission (NERC) approved the tariff spike after a brief wait.

IKEDC leads the pack in tariff implementation

On Sunday, November 1st, 2020, Ikeja Electric (IKEDC) announced via Twitter that they would commence the implementation of the revised tariff immediately.

The DisCo said: “Under the SRT, the tariff classification is based on the quality of service and therefore, divided into 5 Bands (A-E).

“This is measured by the average availability of power supply over a month, interruptions (frequency and duration), voltage levels, and other service parameters.

“With the revised tariff regime, Non-MD customers in Band A, with a minimum of 20 hours daily will now pay N51.22/Kwh.

“Band B customers with a minimum of 16 hours daily will be charged N46.93/Kwh; while Band C customers with a minimum of 12 hours daily will be charged N37.95/Kwh.

increase in electricity tariff

“However, please note that customers in Bands D and E, with a minimum of eight hours and four hours per day, respectively, are not impacted by the tariff revision.”

According to the company; the SRT tariffs of the two bands have been frozen, and consequently, they will continue to be charged the old tariff prior to the introduction of the SRT.

The prepaid meter customers in Bands A to C, who vends from November 1st would be charged the new tariff. The same will be implemented for postpaid customers in these bands during the November billing cycle.

AEDC comes next

Similarly, Abuja Electricity Distribution (AEDC) announced it will begin implementation of the increased electricity tariff with effect from the 1st of November too.

According to AEDC General Manager, Corporate Communication, Mr Oyebode Fadipe, customers on the pre-paid platform will be the first to experience the revised tariff when they vend as from Sunday, November 1st.

“While the revised tariff will reflect in the bills for customers on the postpaid platform when they receive their electricity bills.

“The tariff is divided into five bands and based on hours of supply to the customers.

“While customers on bands D and E have their tariff frozen, those on bands A, B, and C will see some level of reduction in their tariff as they vend.

“The AEDC assures its customers that it will, in line with the spirit and letter of the service reflective tariff, ensure that all customers receive quality service,” he said.

He said that the AEDC was also committed to the improvement of service to customers in all its franchise area.

“We, however, appeal to customers to please see this tariff regime as an opportunity for them to join hands with AEDC to speed up the process of improving the quality of service in the Nigerian power sector.”

AEDC would release the table of payment for the new tariff soon.

Other electricity distribution companies are expected to start implementing the increase in electricity tariff soon as well.

Pay Electricity Bills on VTpass

While VTpass has no control over the number of allocated to customers, prices would remain the same on our platform (as determined by respective electricity distributors) unless otherwise changed.

To pay your electricity bills using VTpass, simply log on to www.vtpass.com/eletricity-bill or click here. It’s fast and easy; your meter token would be displayed on our platform as well as sent to you via mail and SMS.

4 Ways VTpass Can Help You Avoid Banking Halls

Banking halls these days can be tiring. Even before the start of the coronavirus pandemic, crowds in banking halls can simply put you off.

Nowadays, with a huge necessity to avoid crowded places; one needs to find alternatives to carryout most bank-related transactions without risking health and safety.

Here are a few ways VTpass can help you complete bank transactions while staying safe:

how to avoid banking halls

1. Pay Bills Online, Conveniently

Nothing feels better than being able to lay in bed, curl your toes and pay bills easily using your computer, tablet, or smartphone.

Our high traffic website: www.vtpass.com can be accessed on any platform and you can perform transactions in three easy steps; Login > Select > Pay!

VTpass has a wide range of options and our lists of services keep growing! You can:

  • Transfer money to any Nigerian bank, no matter the amount.
  • Buy airtime or data instantly: MTN, Airtel, Glo, 9mobile
  • Internet payment: Smile airtime, Smile data, etc.
  • Pay electricity bills whether prepaid or postpaid. Get meter token delivered to you instantly: IKEDC, IBEDC, EKEDC, AEDC, KEDCO, JED, PHED, KAEDCO, etc.
  • Renew TV subscriptions and get reconnected immediately : DStv, GOtv, StarTimes, etc.
  • Buy top-notch insurance covers from leading insurance companies in Nigeria: Third-party motor insurance, Health insurance, Personal accident insurance, Home insurance, etc.
  • Pay education bills such as WAEC Registration PIN, WAEC Checker PIN, etc.
vtpass mobile app v2.0.2

2. Free Mobile App for Transactions

Enjoy the easy bill payment experience better when you download the VTpass mobile app from Google PlayStore. The app is optimized to work on any android devices.

With its lightweight, speed, and easy-navigation features, you can complete transactions anywhere, anytime by simply tapping few buttons.

how to avoid banking halls

3. Free VTpass Wallet

Technology makes life easier every day and so does VTpass. With VTpass auto-wallet, you can store funds for bills payment all in one place. It gives you a lot of benefits:

  • Separate funds for settling important bills from other funds by simply transferring your bills-funds to your VTpass wallet.
  • No need to input card details every time you wish to make payment. Just tap and pay.
  • Funds transferred to your wallet is 100% safe.
  • You are in total control of your money!

Read more: How to activate VTpass auto-wallet.

VTpass.com- Bill payment platform
VTpass.com- Bill payment platform

4. VTpass agents

Not a fan of online transactions? Why not visit a VTpass agent near you to carry out transactions. These are basically moms, shop-owners, students, etc partnering with us to serve you locally.

Payment is truly at your convenience with VTpass, no need to rush or queue in banks. Just visit www.vtpass.com! Innovation never stops here. We remain committed to making payment for everyday services easy and stress-free!

HOW TO BUY KAEDCO (KADUNA ELECTRIC) UNITS ONLINE

To buy KAEDCO online is easy. KAEDCO (Kaduna Electric) is the operator of Kaduna Electricity Distribution Company that retails electricity across Kaduna, Kebbi, Sokoto, and Zamfara States.

In the digital age, paying electricity bills doesn’t have to take a lot of stress or time. With only a few clicks from your mobile phone, laptop, or desktop, you would be able to complete transactions conveniently.

Here’s how to buy KAEDCO units online:

  • Log on to www.vtpass.com (Nigerian’s leading payment platform)
  • Click on What do you want to do option at the top left corner of the page
  • Select “Pay Electricity Bills”
  • Move to the second box and select “KAEDCO-Kaduna Electric”
  • Click on Go to go to the next page
  • Select meter type (prepaid or postpaid), then
  • Enter meter number, your phone number and email address (these would be used to deliver your meter token to you)
  • Enter the amount worth of units you want to buy
  • Click Continue to confirm your transactions
  • Click Pay with Card after confirming your transactions
  • On the next page, enter card details and click Pay

Alternatively, simply enter www.vtpass.com/kaduna-electric to directly go to KAEDCO transaction page. From there;

  • Enter your details (meter type, phone number, and email address)
  • Enter amount worth of units you want to buy
  • Click Continue to move to the confirmation page
  • Confirm and click Pay with Card
  • Enter card details and click Pay to complete payment.

Easy.

Your payment and card details are super secured with VTpass. If you are not comfortable with card payment. Learn how to pay with VTpass wallet.

KAEDCO meter token is delivered to you after payment via email and SMS. No stories. For support or inquiries, kindly contact VTpass support.

Make other online convenient payments on VTpass such as airtime purchasedata top-up, subscription for DStvGoTV or StarTimesmotor insurance, etc.

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