The Ikeja Electricity Distribution Company (IKEDC) has slashed Band A tariff to N206.80 per kilowatt-hour from the N225/kWh approved by the Nigerian Electricity Regulatory Commission (NERC).
According to a notice on Monday by IKEDC’s spokesperson, Olufadeke Omo-Omorodion, the downward tariff review takes effect from today (Monday, 6 May 2024).
While guaranteeing a minimum of 20-hour daily power supply for those on Band A feeders, IKEDC (also known as Ikeja DisCo) noted that the tariffs of customers on other bands remain unchanged.
The statement read: “Dear Esteemed Customers, please be informed of the downward tariff review of our Band A feeders from N225/kWh to N206.80/kWh effective 6 May 2024 with guaranteed availability of 20-24hrs supply daily.
“The tariff for Bands B, C, D, and E remains unchanged”.
On 3 April, NERC revised the electricity tariff for Band A customers from N68 per kilowatt-hour to N255/KWh, explaining that other customers were not affected by the tariff hike.
Since the release of the supplementary Multi-Year Tariff Order, consumers categorised as Band A have been groaning that the rise in electricity tariffs weighs heavily on their finances, calling on the Federal Government to reverse the policy.
However, while appearing before the Senate Committee on Power at an investigative hearing over the tariff hike last Monday, Minister of Power, Mr. Adebayo Adelabu warned that there would be a total blackout in the country in the next three months if the electricity tariff hike was not implemented.
