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Ikeja Electric has declared a decrease in electricity charges for Band A consumers, lowering the rate from ₦225 per kilowatt hour to ₦206.
The distribution company attributed this reduction to the May 2024 Supplementary Order issued by the Nigerian Electricity Regulatory Commission (NERC), as outlined in a public notice.
The notice read, “Dear esteemed customers, please be informed of the downward tariff review of our Band A feeders from ₦225/kWh to ₦206.80/kwh effective 6th May 2024 with guaranteed availability of 20-24hrs supply daily.”
The notification stated that the tariff rates for Bands B, C, D, and E would not change.
Earlier in April, NERC approved a price hike for Band A customers, raising it from N68, citing the need for service-reflective pricing to boost liquidity in the electricity industry.
This adjustment requires Electricity Distribution Companies (DisCos) to guarantee a minimum of 20 hours of electricity supply per day to customers in this category.