FG reduces electricity tariff for consumers

Electricity tariff for those on daily supply of minimum of 20 hours, referred to as band Band A customers has been reduced by the Federal Government of Nigeria.

This was contained in a notice to its customers on Monday by the Ikeja Electricity, stating that: “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.”

The increase in tariff by DISCOs, GENCOs, Transmission Company of Nigeria, TCN has elicited wild cry from customers with the National Assembly Senate Committee on Power trying to wade in.

Meanwhile, Band A customers that were hitherto charged N225/Kwh are now to pay N206.80/Kwh under the new arrangement and review.

The decision to crash the tariff may not be unconnected with public outcry over the increase in electricity which industry observers, CSOs, labour unions have described as insensitive.

Already, electricity distributors are sending the reduction notice to their customers.