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

99
In a bid to increase its domestic power supply, the Nigerian government has enacted measures aimed at curbing cross-border electricity sales to neighboring nations, particularly the Niger Republic and Togo.
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

Femi Otedola
FinanceNews

Femi Otedola Increases Stake By N18.9bn, Becomes First Bank’s Largest Shareholder

Nigerian billionaire Femi Otedola has emerged as the largest shareholder of FBN...

FinanceNews

German Govt. Agency Transfers Bitcoin Worth Over $400 Million, Sends Some To Crypto Exchanges – Arkham 

A German government agency has transferred a significant amount of Bitcoin, valued...

FinanceNews

Swiss Central Bank Cuts Interest Rates For Second Time This Year 

The Swiss National Bank (SNB) has cut its key interest rate for...

Juneteenth Celebration
NewsWorld

Several People Shot At Juneteenth Celebration In Oakland, California

A Juneteenth celebration in Oakland, California, turned violent when several people were...