Following the Supplementary Order in May on Tariff Increase on Band A Feeders issued by the Nigerian Electricity Regulatory Commission (NERC), IKEJA Electric (IE) has announced a reduction in its Band A tariff from N225/KWh to N206.80/kWh.
Band A customers are those with a daily supply of a minimum of 20 hours
This represents an 8.1 percent reduction on the previous rate as directed by the industry regulator. The NERC order takes immediate effect from today.
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Other distribution companies are expected to comply immediately .
In a statement released by IE, a copy of which was seen by metrobusinessnews.com, (MBN) the utility said: “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 previous announcement of the tariff increase on Band A, on April 3, 2024, has been met with criticism by Nigerians. Last week, the House of Representatives ordered the NERC to reverse the increase