The Ikeja Electric Distribution Company (IE) has announced a significant reduction in electricity tariffs for customers under the Band A category.

The DisCo, in a circular on Monday, said customers in this category will now pay N206.80/kWh, down from the previous rate of N225/kWh as stipulated by the Nigeria Electricity Regulatory Commission (NERC) from May 6, 2024.

IE further assured customers under Band A of a guaranteed electricity supply for 20 to 24 hours daily.

The decision to slash tariffs for Band A customers underscores Ikeja Electric’s commitment to enhancing customer satisfaction and ensuring affordable access to electricity.

However, the company stated that electricity tariffs for Bands B, C, D, and E customers remain unchanged without providing a reason.

The circular addressed to customers 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 20-24 hours supply daily. The tariff for Bands B, C, D, and E remains unchanged.”

Ikeja Electric Plc is the largest Nigerian electricity distribution company with customers spread across the northern part of Lagos State and parts of Ogun State.