The Ikeja Electric Distribution Company has announced the reduction of its electricity tariff for customers under Band A from N225/kWh to N206.80/kWh.

According to Nairametrics, a circular signed by the management of the company on Monday, 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, the company has 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.

The statement partly 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 20-24hrs supply daily.The tariff for Bands B, C, D, and E remains unchanged.”

Recall that the Nigerian Electricity Regulatory Commission had in April approved an increase in electricity tariff for customers under the Band A classification to pay N225 kilowatt per hour from the previous N66.