Ikeja electric slashes electricity tariff for Band A customers

The Ikeja Electricity Distribution Company has reduced the electricity 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 statement released on Monday, May 6. According to the statement, the downward tariff review of the Band A customers would take effect from Monday, May 6, 2024. The statement 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.”

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.