The federal government of Nigeria has approved a downward review of the electricity tariff for “band A” customers from ₦225 per kilowatt per hour to ₦206 per kilowatt per hour.
Distribution companies (DisCos) across the country have since begun effecting the new rates as confirmed by a public notice from the Ikeja electricity distribution company (IKEDC). The notice from the DisCo stated that the reduction was contained in the May 2024 supplementary order by the Nigerian electricity regulatory commission (NERC).
It added that the tariff for bands B, C, D, and E remains unchanged.
The statement read, “We wish to inform you of the revision in our tariff rates for customers in Band A, effective 6th May 2024”.
“The new rate is N206.80/kWh, down from the previous N225/kWh, with a commitment to provide 20-24 hours of electricity daily. Please note that there is no change in the tariff for customers in Bands B, C, D, and E,” it added.
Recall that NERC had, in April, approved an upward review for “band A” customers from ₦68 to ₦266, a move it called service reflective price to improve liquidity in the electricity sector.
The increase made it mandatory for the electricity distribution companies (DisCos) to ensure customers under the band get at least 20 hours of power supply daily.
