The Federal Government has implemented a reduction in electricity tariffs specifically for Band A customers. Previously, the Nigerian Electricity Regulatory Commission (NERC) required customers receiving a minimum of 20 hours of daily supply to pay N225/Kwh. 

However, following the approved review, Band A customers are now obligated to pay N206.80/Kwh. In a notice addressed to its customers on Monday, Ikeja Electric stated, “Please note the downward tariff adjustment of our Band A feeders from N225/kwh to N206.80/kwh effective May 6, 2024, ensuring a guaranteed availability of 20–24 hours of supply daily.” 

Tariffs for Bands B, C, D, and E remain unchanged.

On April 3, the NERC raised the electricity tariff for Band A users from N68 to N255 per kilowatt-hour, asserting that this adjustment would not affect other customers. Following the announcement of this additional multi-year tariff order, consumers categorized as Band A have expressed dissatisfaction, citing increased energy bills as a burden on their budgets and urging the Federal Government to reconsider the policy.

However, during an appearance before the Senate Committee on Power for an investigation into the tariff hike last Monday, the Minister of Power, Adebayo Adelabu, cautioned that failure to implement the electricity tariff increase could result in a nationwide blackout within the next three months.