Distribution company slashes electricity tariff

The Ikeja Electric Distribution Company (IE) has announced a significant reduction in electricity tariff for customers under Band A category.

Effective May 6, 2024, customers in this category will now pay N206.80/kWh, down from the previous rate of N225/kWh as stipulated by the Nigeria Electricity Regulatory Commission (NERC).

In a circular released by the management of the Distribution company (DisCo) on Monday, IE assured customers under Band A of a guaranteed supply of electricity for 20 to 24 hours daily.

The decision to slash tariffs for Band A customers underscores Ikeja Electric’s commitment to enhancing customer satisfaction and ensuring affordable access to electricity.

It, however, stated that electricity tariffs for Bands B, C, D, and E customers remained unchanged without adducing any reason.

The circular addressed to customers read: “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 20-24 hours supply daily. The tariff for Bands B, C, D, and E remains unchanged.”