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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    iPhone 16 Sales Surge 20% in China, Signaling a Strong Comeback

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    Pick n Pay Set to List Boxer Business in Africa’s Largest IPO of 2024

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Ikeja Electric Announces Tariff Reduction for Band A Customers

by Julius Afolalu
May 6, 2024
in Business, Headlines, Lagos News
Reading Time: 1 min read
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NERC Mandates DisCos to Invest N275 Billion in Electricity Meters within Four Years
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Ikeja Electric Distribution Company (IE) has announced the reduction of its electricity tariff for customers under Band A from N225/kWh to N206.80/kWh.

In a circular signed by the management of the company on Monday, IE said the customers will now pay N206.80/kwh, rather than the stipulated N225/kwh ordered by the Nigeria Electricity Regulatory Commission (NERC).

According to the statement, IE guaranteed to provide 20 to 24 hours of electricity to users under this Band, adding that the tariff for customers under other categories will remain the same.

“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.

“Signed: Management,” the statement read.

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Tags: Band ABand A CustomersElectricityIkeja ElectricIkeja Electricity Distribution Company (IKEDC)
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