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JUST-IN: Ikeja Electric Reduces Tariff For Band A Customers

by Nafisat Abdulrahman
1 year ago
in Business
Ikeja Electric
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In a move aimed at providing relief to its customers, Ikeja Electric Distribution Company (IE) has announced a significant reduction in electricity tariff for customers under Band A category.

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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.

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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.”

LEADERSHIP reports that Ikeja Electric Plc is the largest Nigerian electricity distribution company with customers spread across the Northern part of Lagos State and parts of Ogun State.


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Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

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