Big news from the Ikeja Electricity Distribution Company(IKEDC)! They’ve decided to lower the cost of electricity for their top customers, the Band A customers.
This change got the thumbs up from the Nigerian Electricity Regulatory Commission (NERC).
Goodnews From IKEDC
Lots of people worry about paying their electricity bills, making this change a big deal. This move could make life a bit easier for families and businesses struggling with high bills.
Let’s take a closer look at what this means for customers and why it matters for the electricity situation in Nigeria.
Starting May 6, 2024, the Ikeja Electricity Distribution Company (IKEDC) has reduced the amount its top customers, known as Band A customers, pay for electricity.
The New Tariff
This decision comes after approval from the Nigerian Electricity Regulatory Commission (NERC).
The tariff for Band A customers has been slashed from ₦225 per kilowatt-hour (kWh) to ₦206.80/kWh.
The announcement was made by Olufadeke Omo-Omorodion, spokesperson for the IKEDC, in a notice issued on Monday, May 6, 2024.
This move aims to ease the financial burden on Band A customers while ensuring continued access to electricity.
The company guarantees a minimum of 20 hours of power supply daily for customers on Band A feeders.
Bands Exempted
However, it’s important to note that this tariff reduction only applies to Band A customers. Tariffs for customers in other bands, including Bands B, C, D, and E, remain unchanged.
This adjustment follows the NERC’s decision in April to increase the electricity tariff for Band A customers from ₦68/kWh to ₦255/kWh.
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While this hike did not affect other customers, Band A customers expressed dissatisfaction with the increased tariffs, citing financial strain.
The issue of electricity tariffs has been a topic of debate, with Band A customers urging the government to reconsider its policy.
Despite these concerns, the Minister of Power, Adebayo Adelabu, warned during a recent meeting with the Senate Committee on Power that failure to implement the electricity tariff hike could result in a total blackout across the country within the next three months.
In response to customer feedback and regulatory considerations, the IKEDC’s decision to lower the tariff for Band A customers reflects an effort to balance affordability and sustainable electricity supply.
