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Areas in Lagos with 20-24 hours of Power Supply Revealed by IKEDC

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An increase in electricity tariff for customers under the Band A classification has been approved by the Nigerian Electricity Regulatory Commission on Wednesday.

According to the Vice Chairman of NERC, Musliu Oseni, customers under Band A will now pay N225 per kilowatt per hour (KW/h), up from the current N66.

Customers enjoying 20-24 hours of electricity supply daily fall under Band A, those with 16-20 hours are in Band B, while Band C customers receive 12-16 hours daily.

Band D subscribers get 8-12 hours daily, and Band E subscribers only receive 4-8 hours of electricity consumption every day.

Oseni, speaking at a press conference in Abuja, mentioned that Band A customers represent 15% of the 12 million electricity customers in the country, which is around 1.8 million subscribers.

He clarified that the review will not impact customers in other bands.
Reports from Bloomberg on Tuesday indicated that power companies can now increase electricity prices to N200 ($0.15) per KW/h for urban consumers, up from N68.

Sources in the presidency disclosed that this move aims to attract new investments and reduce the approximately $2.3 billion spent on capping tariffs.

Among the Lagos State beneficiaries of the Band A tariff plan with 20-24 hours of daily electricity consumption are:

  • Ijaiye (33-Ota TCN-AMJE) in Abule-Egba Business Unit – 998 KW/h
  • Ijaiye (33-Ota TCN-Abeokuta Expressway) in Abule-Egba Business Unit – 930KW/h
  • Able-Taylor (11-EkoroINJ-T1-Ekoro) in Akowonjo Business Unit – 920KW/h

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