In a surprising turn of events, Ikeja Electric Distribution Company (IE) has announced a significant reduction in the electricity tariff for customers under Band A. Effective May 6, 2024, these customers will now pay N206.80/kWh, a notable decrease from the previous rate of N225/kWh. This move is in response to public outcry over the recent hike in electricity tariffs, which was met with widespread criticism from various quarters.

The new tariff adjustment promises a minimum daily power supply of 20 to 24 hours, a commitment that aims to alleviate the concerns of customers who have been dealing with inconsistent power supply. This development comes as a relief to many, especially considering the previous tariff hike had sparked considerable debate on fairness and affordability.

This decision by the IE is seen as a step towards addressing the complaints of its customers and ensuring a more equitable distribution of electricity services. It remains to be seen whether this move will lead to further adjustments in the tariffs for other bands and how it will impact the overall electricity supply landscape in the country.