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Ikeja Electric Commences Revised Tariff

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Ikeja Electric Plc (IE) disclosed that it has commenced implementation of the revised Service Reflective Tariff (SRT) as approved by the Nigerian Electricity Regulatory Commission (NERC). The approved tariff will take effect from November 1, 2020.

The announcement was made known on its official twitter handle on Sunday.

The previous SRT which took effect on Sept. 1 was suspended on Sept. 28 after a meeting with the Organized Labor and the Federal Government.

The Discos stated that ‘Under the SRT, the tariff classification is based on quality of service and therefore, divided into 5 Bands (A-E). This is measured by the average availability of power supply over a month, interruptions (frequency and duration), voltage levels and other service parameters.

‘With the revised tariff regime, Non-MD customers in Band A, with a minimum of 20 hours daily will now pay N51.22/Kwh. Band B customers with minimum of 16 hours daily will be charged N46.93/Kwh; while Band C customers with a minimum of 12 hours daily will be charged N37.95/Kwh.’

 It however noted that ‘customers in Bands D and E with minimum of eight hours and four hours per day, respectively, are not impacted by the tariff revision.’

The company noted that the SRT tariffs of Bands D and E have been frozen, and therefore will still be charged based on the old tariff before the introduction of the SRT.

Read Also: Power Sector Challenges: Would There Be Light At The End Of The Tunnel?

It was also disclosed that prepaid meter customers in Bands A-C, would be charged the new tariff from Nov. 1, while the same will be implemented for postpaid customers in these bands during the November billing cycle.

Following this, Ikeja Electric stated: ‘We want to use this opportunity to solicit the continued support and understanding of our customers as we move forward with this new tariff regime, which will enable the Nigerian electricity supply industry cover cost of their operations and ensure improved service delivery.

‘Lastly, we further wish to assure our customers of our commitment to service improvements in customer service delivery, infrastructural upgrade, metering and technological solutions, within the shortest possible time, ” it added.

Peace Omenka

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