The Ikeja Electricity Distribution Company on Monday announced a slash in the electricity tariff of its Band A customers to N206.80 per kilowatt-hour.
The Nigerian Electricity Regulatory Commission (NERC) approved tariff is N225/kWh.
The spokesperson for the IKEDC, Olufadeke Omo-Omorodion, disclosed this to CHANNEL TELEVISION 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.
“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 statement said.
The decision to crash the tariff may not be unconnected with public outcry over the increase in electricity which industry observers, Civil Society Organisations, and labour unions have described as insensitive.
The tariffs for Bands B, C, D, and E remain unchanged.
