By HEADLINENEWS.NEWS correspondent
The Ikeja Electricity Distribution Company has slashed the 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).
This was contained in a circular released by the IKEDC on Monday, May 6, 2024.
According to the statement, IE guaranteed to provide 20 to 24 hours of electricity to users under this Band, adding that the tariff for customers under other categories will remain the same.
“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 IKEDC stated.
Recall that on April 3, 2024, the NERC revised the electricity tariff for Band A customers from N68 per kilowatt-hour to N255/KWh, saying other customers were not affected by the tariff hike.
Since the release of the supplementary Multi-Year Tariff Order, consumers categorised as Band A have been groaning that the rise in electricity tariffs weighs heavily on their finances, calling on the Federal Government to reverse the policy.
However, while appearing before the Senate Committee on Power at an investigative hearing over the tariff hike last week Monday, the Minister of Power, Adebayo Adelabu, warned that there would be a total blackout in the country in the next three months if the electricity tariff hike was not implemented.
