Breaking News: FG approves reduction of Electricity Tariff for Band A customers
The Ikeja Electricity Distribution Company has slashed the tariff payable by its Band A customers to N206.80 per kilowatt-hour from the N225/kWh approved by the Nigerian Electricity Regulatory Commission (NERC).
The spokesperson for the IKEDC, Olufadeke Omo-Omorodion, disclosed this in a notice on Monday.
According to the notice, the downward tariff review of the Band A customers would take effect from Monday, May 6, 2024.
The DisCo, while guaranteeing a minimum of 20-hour daily power supply for those on Band A feeders, noted that the tariffs of customers on other bands remain unchanged.
Under the approved review, Band A customers who hitherto were charged N225/Kwh, are now to pay N206.80/Kwh.
The decision to crash the tariff may not be unconnected with public outcry over the increase in electricity which industry observers, Civil Society Organisations, and labour unions have described as insensitive.
In a notice to its customers on Monday, Ikeja Electric said “Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective 6th May 2024 with guaranteed availability of 20-24hrs supply daily,”.
The tariffs for Bands B, C, D, and E remain unchanged.
