Ikeja electric slashes electricity tariff for Band A customers enjoying 20 hours of power supply

Ikeja Electric Distribution Company (IE) has announced a significant reduction in electricity tariffs for Band A customers.

In a circular signed by the company's management on Monday, May 6, 2024, customers under Band A will now pay N206.80/kWh rather than the stipulated N225/kWh ordered by the Nigeria Electricity Regulatory Commission (NERC).

Ikeja Electric promised to provide 20 to 24 hours of electricity to users under this Band, adding to the tariff.

However, customers under other categories will remain the same. Ikeja Electric's statement shared on X reads: “Dear Esteemed Customers 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 tariff for Bands B, C, D, and E remains unchanged. Signed: Management.”

Legit.ng had earlier reported that the Nigerian government recently increased electricity tariffs for band A customers by 300% from N66 kilowatt per hour to N225.

According to the NERC, band A customers are those who enjoy a minimum of 20 hours of electricity supply in the country.