The Ikeja Electricity Distribution Company (IKEDC) has made a U-turn from its earlier stand and announced a reduction in the tariff payable by its Band A customers.

It slashed the tariff to N206.80 per kilowatt-hour from the previously approved N225/kWh by the Nigerian Electricity Regulatory Commission (NERC).

Olufadeke Omo-Omorodion, spokesperson for the IKEDC, conveyed this information in a notice on Monday.

In the notice, the IKEDC outlined that the revised tariff for Band A customers would come into effect from Monday, May 6, 2024. While assuring a minimum of 20-hour daily power supply for customers on Band A feeders, the DisCo clarified that the tariffs for customers on other bands remain unchanged.

"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.

Previously, on April 3, the NERC had revised the electricity tariff for Band A customers from N68 per kilowatt-hour to N255/KWh, exempting other customers from the tariff hike. However, consumers in the Band A category had expressed dissatisfaction with the increase, urging the Federal Government to reconsider the policy.

In a related development, during an investigative hearing before the Senate Committee on Power last week Monday, the Minister of Power, Adebayo Adelabu, cautioned that failure to implement the electricity tariff hike could lead to a total blackout in the country within the next three months.

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How much was it before the approval of N225?

The price was N66 before the approval of N225. Discounting N18.2 is good. But the discounted amount does not call for jubilation.

The increase is at least 340% of the initial price.

The discount is about 27.6% of the initial price. The discount is 8% of the new price.

The increase is at least 340%. Why should a discount of less than 28% be celebrated?

Don't just mind them.. it's the traditional APC practice. They do it on FUEL..increase it and later tell Nigerians that they have a listening government so they have decided to reduce the price even more..

immortalcrown:
How much was it before the approval of N225?

The price was N66 before the approval of N225. Discounting N18.2 is good. But the discounted amount does not call for jubilation.

The increase is at least 340% of the initial price.

The discount is about 27.6% of the initial price. The discount is 8% of the new price.

The increase is at least 340%. Why should a discount of less than 28% be celebrated?

COMRADES, I don't believe this news, even those who are on band E are charged N225/kwh across the country let alone band A customers

Because FG want to split discos and give the licence to different management dey don the amend