Sunday, May 19, 2024
HomeUncategorizedFG Slashes Electricity Tariffs for 'Brand A' Customers

FG Slashes Electricity Tariffs for ‘Brand A’ Customers

The Federal Government has reduced electricity tariffs for customers in the ‘Brand A’ category.

Electricity Tariffs; The electricity rate for Band A users has been lowered by the federal government.

NERC mandated N225/Kwh tariff for consumers receiving a minimum of 20 hours of daily electricity supply.

However, Band A consumers must now pay N206.80/Kwh as per the approved review.

“Please be informed of the downward tariff review of our Band A feeders from N225/kwh to N206.80/kwh effective May 6, 2024, with guaranteed availability of 20–24 hours of supply daily,” Ikeja Electric wrote in a notice to its customers on Monday.

There has been no change to the rates for Bands B, C, D, and E.

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