Home News Ikeja Electric Reduces Tariff for Band A Customers by N18.20/kWh
News

Ikeja Electric Reduces Tariff for Band A Customers by N18.20/kWh

837
An Electricity Grid

Ikeja Electric Distribution Company (IKEDC) has announced a decrease in its electricity tariff for customers in Band A from N225/kWh to N206.80/kWh.

On April 3, the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A category from N66 to N225 per kWh.

The commission said Band A electricity consumers, representing 15 per cent of the country’s 12 million electricity customers, use at least 20 hours of electricity supply daily.

However, announcing the decrease in a circular signed by its management on Monday, IKEDC stated that customers in this category will now pay N206.80/kWh instead of the previous rate set by the NERC with effects from May 6.

Please be informed of the downward tariff review of our Band A feeders from N225/kWh to N206.80/kwh effective 6th May 2024, IKEDC stated.

It also said customers in Band A would receive 20 to 24 hours of daily electricity supply, stating that the tariff for customers in other bands, including Bands B, C, D, and E, would remain unchanged.

Read: “Simi doesn’t owe you shit” Adekunle Gold Replies Samklef

About The Author

Related Articles

News

Russia to Establish Intergovernmental Commissions with Burkina Faso and Niger by End of 2025

Russia has announced plans to set up intergovernmental cooperation commissions with Burkina...

News

Finnish Court Sentences Simon Ekpa To 6 Years In Prison For Terrorism And Tax Fraud

Finnish-Nigerian Simon Ekpa has been sentenced to six years in prison by...

France, Ex-Coloniser in Africa’s Sahel, Criticised for Backing Ukraine While Depending on Russian Energy Despite EU Sanctions
NewsPolitics

Western Leaders Condemn Africa-Russia Ties While Spending Billions on Russian Energy

Western leaders, including France, the European Union (EU), and the North Atlantic...