IKEDC, however, noted that the electricity tariffs for customers in Bands B, C, D and E “remain unchanged”
By Kehinde Okeowo
The Ikeja Electricity Distribution Company, (IKEDC), has announced an upward review of the electricity tariff for Band A customers.
This was revealed in a statement shared on the company’s social media handle, where it said its customers will now pay N209.5/kWh instead of N206.80/kWh.
IKEDC, which serves parts of Lagos and Ogun states, also added that the new rate which is “in line with the service based tariff regime” is effective from July 1, 2024.
The statement, however, noted that the tariffs for Bands B, C, D and E “remain unchanged”.
It added that customers “can be rest assured that this development will further sustain the improved service delivery currently being experienced across all Feeder Bands within the Ikeja Electric network.”
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Similarly, Ibadan Electricity Distribution Company (IBEDC) has told its Band A customers to brace up for an increment in tariff.
The Acting Managing Director, IBEDC, Francis Agoha, stated this in a statement where he also confirmed the tariff hike was approved by Nigerian Electricity Regulatory Commission (NERC).
According to a public notice he signed on Wednesday, the increment won’t affect consumers in Bands B, C, D, and E.
Agoha said, “Effective immediately, the tariff will be adjusted from N206.80/kWh to N209.50/kWh. This review has been duly approved by the Nigerian Electricity Regulatory Commission (NERC) as captured in the multi-year tariff supplementary order.
“The adjustment is necessitated by several key economic indices, including fluctuations in the exchange rate, the current inflation rate, available generation capacity, and the cost of gas. These factors have significantly impacted operational costs, and the new tariff will mitigate these financial pressures while continuing to deliver high-quality electricity services.
“It is important to note that this adjustment affects only our Band A customers. The tariffs for Bands B, C, D, and E remain unchanged. We remain committed to providing reliable and efficient electricity services to all our customers across different bands.
“We understand that any change in tariffs can be a concern for our customers, and we assure you that this adjustment is necessary to maintain and improve the quality of our services. Our goal is to ensure that you receive the best possible value for your money.”
