Ikeja DisCo slashes Band A tariff to N206.80/kwh 

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.

The spokesperson for the IKEDC, Olufadeke Omo-Omorodion, disclosed this to our correspondent 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.

The DisCo, while guaranteeing a minimum of 20-hour daily power supply for those on Band A feeders, noted that the tariffs of customers on other bands remain unchanged.

“The tariff for Bands B, C, D, and E remains unchanged,” the IKEDC stated.

The PUNCH recalls that on April 3, 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.