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Business News of Sunday, 14 April 2024

Source: legit.ng

Ikeja Electric, EKEDC upgrades more customers to Band A to enjoy 20hrs/day power supply

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Ikeja Electric Plc and Eko Electricity Distribution Company have been granted permission to incorporate extra Band A feeders into their respective networks.

The electricity distribution firms communicated these updates through individual announcements on their official social media channels.

It's worth noting that earlier this month, the Nigerian Electricity Regulatory Commission (NERC) issued a directive for an immediate upward adjustment of electricity tariffs starting from Wednesday, April 3.

NERC authorized power distribution companies (DisCos) to raise electricity rates to N225 ($0.15) per kilowatt-hour, up from N68.

Musiliu Oseni, the Vice Chairperson of NERC, clarified that this increase would specifically impact customers in Band A, while tariffs for Bands B, C, D, and E would remain unchanged.

Band A customers, representing roughly 15% of Nigeria's 12 million electricity consumers, typically receive an average daily electricity supply of 20 hours, although many express dissatisfaction with the actual supply duration.

In its statement on Saturday, Ikeja Electric said the additional feeders increased its feeders from 51 to 85. Ikeja Electric stated: “Effective today, April 13th, 2024, and based on our demonstrated ability to consistently provide a minimum of 20 hours of daily availability during a performance evaluation period monitored by the Regulator, we are pleased to announce that we have obtained approval to add 34 additional Band A feeders to our network.

“This brings our total from 51 to 85, with the breakdown as follows: 51 at 11kV, 31 at 33kV, and 3 at 132kV."