The Ikeja Electricity Distribution Company has reduced the electricity tariff payable by its Band A customers to N206.80 per kilowatt-hour from the N225/kWh approved by the Nigerian Electricity Regulatory Commission (NERC).
In a statement by the spokesperson for the IKEDC, Olufadeke Omo-Omorodion, the downward review of the tariff for Band A customers would take effect from Monday, May 6, with customers who were charged N225/Kwh, are now to pay N206.80/Kwh.
The decision to crash the tariff may not be unconnected with public outcry over the increase in electricity which industry observers, Civil Society Organisations, and labour unions have described as insensitive.
Meanwhile, the tariffs for Bands B, C, D, and E remain unchanged.
