Following the Nigerian Electricity Regulatory Commission’s (NERC) May 2024 Supplementary Order on rate Increase on Band A Feeders, IKEJA Electric (IE) has stated that its Band A rate will be reduced from N225/KWh to N206.80/kWh.
Band A consumers have a daily supply of at least 20 hours.
This is an 8.1% drop in the prior rate, as directed by the industry regulator. The NERC order has immediate effect today.
IE’s Head of Corporate Communications, Kingsley Okotie, confirming the utility’s compliance, said: “We are a compliant Disco; we follow directives given by the regulators knowing it is in the best interest of all parties. We assure our customers of continued improvement in our service delivery as we strive to give them a better quality of service.”
In a statement released by IE, a copy of which was obtained by The Nation, 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.