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).
Olufadeke Omo-Omorodion, the spokesperson for the IKEDC, disclosed this to our correspondent in a notice on Monday.
According to the notice, the downward tariff review of the Band A customers would take effect from Monday, May 6, 2024.
Under the approved review, Band A customers who hitherto were charged N225/Kwh, are now to pay N206.80/Kwh.
This decision to slash the tariff is likely in response to widespread public discontent over the recent surge in electricity costs, which has been criticized by industry observers, Civil Society Organizations, and labor unions for its perceived lack of empathy.
READ ALSO: FG Holds Ground on Electricity Tariff Hike as Labour Threatens Showdown
In a notice issued to customers on Monday, Ikeja Electric announced, “We wish to inform you of the reduction in tariffs for our Band A feeders from N225/kwh to N206.80/kwh effective from May 6, 2024, ensuring a guaranteed supply of electricity for 20-24 hours daily.”
Tariffs for Bands B, C, D, and E, however, remain unchanged.
More details to follow shortly.
