The Federal Government has approved a downward review in electricity tariff for Band A customers to N206.80/kwh, from N225/kwh.
Ban A customers are electricity consumers with a minimum supply of 20 hours daily.
Ikeja Electricity Distribution Company in a notice said: “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.
According to the notice, the downward tariff review of the Band A customers would take effect from Monday, May 6, 2024.
Under the approved review, Band A customers who hitherto were charged N225/Kwh, are now to pay N206.80/Kwh.
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Also, Ibadan Electricity Distribution Company in a statement said: “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 statement said.
Band A
recall that the Nigerian Electricity Regulatory Commission, NERC, had increased the tariff paid by Band A customers from N68/KWh to N225/kWh.
Band A customers are expected to receive between 20 and 24 hours of electricity supply daily. Those under B enjoy 16 to 20 hours of power supply and those in Band C receive 12 to 16 hours daily.
NERC also said that Band A customers make up just 15 percent of total electricity customers in the country.
Additionally, these customers would no longer enjoy government subsidy on electricity.
However, the review of electricity tariff generated reactions across the country.
