The Ikeja Electricity Distribution Company (IKEDC) has announced a reduction in the tariff payable by its Band A customers to N206.80 per kilowatt-hour, down from the N225/kWh previously approved by the Nigerian Electricity Regulatory Commission (NERC).
The spokesperson for IKEDC, Olufadeke Omo-Omorodion, disclosed this in a notice on Monday, stating that the downward tariff review would take effect from Monday, May 6, 2024.
IKEDC assured customers on Band A feeders of a minimum of 20-hour daily power supply and confirmed that the tariffs for customers on other bands would remain unchanged.
READ ALSO: NERC Approves Sharp Increase in Electricity Tariffs for Band A Customers
In the notice, IKEDC stated, “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 revision of the electricity tariff for Band A customers by NERC on April 3 had increased the tariff from N68 per kilowatt-hour to N255/kWh, affecting only Band A customers. This move had led to complaints from Band A consumers, who argued that the tariff hike was financially burdensome and called on the Federal Government to reverse the policy.
READ ALSO: NERC Approves Sharp Increase in Electricity Tariffs for Band A Customers
During an investigative hearing before the Senate Committee on Power last week Monday, the Minister of Power, Adebayo Adelabu, warned that there could be a total blackout in the country within the next three months if the electricity tariff hike was not implemented.