The Ikeja Electric Distribution Company (IE) says its customers on Band A will now enjoy a reduced electricity tariff, with a rate reduction from N225/kWh to N206.80/kWh.
The Nigeria Electricity Regulatory Commission (NERC) previously mandated N225/kwh, but IE’s management revealed in a circular on Monday that customers will now pay N206.80/kwh instead.
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 May 6, 2024, with guaranteed availability of 20–24 hours of supply daily. The tariff for Bands B, C, D, and E remains unchanged.”
Persecondnews recalls that in April, the Nigerian Electricity Regulatory Commission (NERC) approved the increase of Band A feeders in Mainland Lagos by 66.7 percent to 85, up from the initial 51.
The Head of Corporate Communication at Ikeja Electric, Mr. Kingsley Okotie, confirmed the development in a statement.
It said: “Effective today, April 13th, 2024, and based on our demonstrated ability to consistently provide a minimum of 20 hours of daily availability during a performance evaluation period monitored by the regulator, we are pleased to announce that we have obtained approval to add 34 additional Band A feeders to our network.
“This brings our total from 51 to 85, with the breakdown as follows: 51 at 11kV, 31 at 33kV, and 3 at 132 kV.”
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