Ikeja, Eko DisCos Begin Implementation Of Tariff Increase For Band A Customers

Ikeja, Eko DisCos Begin Implementation Of Tariff Increase For Band A Customers

2 months ago
1 min read

Ikeja Electric and Eko Electricity Distribution Company (EKEDC)  have announced their commencement of implementation of the upward review of electricity tariff for customers on Band A feeders to N225/kwh.

The DisCos in separate statements released on Thursday, said the tariff adjustment takes effect from Thursday,  4 April 2024.

This follows the decision of the Federal Government to hike the electricity tariff for Band A customers nationwide.

Band A are those who enjoy electricity supply for 20 hours per day.

During a press briefing in Abuja on Wednesday, Musliu Oseni, Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), said the increase will see customers pay N225 kilowatts per hour, up from the current N66. This reflects a 240 per cent increase in the tariff.

According to Oseni, these consumers make up only 15% of the nation’s 12 million electricity users.

Oseni continued, saying that because certain Band A consumers had not used the required amount of electricity supplied by the electricity distribution firm, the commission had also degraded them to Band B.

Ikeja Electric in the statement posted on its X handle on Thursday, said tariff for bands B, C, D, and E remains unchanged.

The statement titled “April 2024 Supplementary Order On Tariff Increase On Band A Feeders” read: “Dear Esteemed Customer,

“The gradual transition from subsidized tariff to a cost reflective regime has commenced with the upward tariff review of our Band A Feeders to N225/kwh effective 4th April 2024 with guaranteed availability of 20-24 hrs supply daily.

“The tariff for Bands B, C, D and E remains unchanged.

“Customers can be assured that this development will lead to improved service delivery across all band A feeders and the gradual upgrade of the other feeder bands to Band A”

READ ALSO: Electricity Tariff Hike Looms As Gas Prices Surge

On its part, Eko DisCo said “This adjustment aligns with the cost-reflective tariff framework introduced in 2020.” It added that “all other customers under the Band B to E-service category would not be affected by this current review of end-user tariffs.”




Leave a Reply

Your email address will not be published.


Follow Us

Latest from Latest News

Don't Miss