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New Electricity Tariff: What You Need to Know as a Lagosian

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ByOkay News
Okay.ng launched under OKN MEDIA PUBLISHING (RC Number: 2993580) in the year 2012 is an independent digital news platform with thousands of page views and unique...
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Published: 2024/04/07
2 Min Read
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Given potential price increases granted to Distribution Companies (DISCOs), we want to ensure all Lagosians are well-informed about the possible impact on consumers.

Contents
  • Understanding the Impact
  • Monitoring Your Power Supply
  • Tariff Bands Explained
  • Managing Your Electricity Usage
  • Customer Classification Across DISCOs

Understanding the Impact

One of the key factors that will determine if you’ll be affected by the price adjustments is the duration of your power supply. If you’re currently not receiving 20-24 hours of power supply, you may not be directly affected by the tariff changes.

Monitoring Your Power Supply

To gauge the potential impact, consumers are encouraged to assess their power supply duration. Here are some methods to help you track your power supply:

  • Use smart meters
  • Maintain estate power logs
  • Personal tracking methods

Tariff Bands Explained

The approved tariff bands vary across DISCOs in Lagos State. Here’s a breakdown:

DISCOTariff Band Range
Ikeja Electricity Distribution Company (IKEDC)N69 – N143
Eko Electricity Distribution CompanyN79 – N125

Managing Your Electricity Usage

If you fall within the affected consumer category, it’s crucial to devise ways to manage your electricity usage effectively. This could involve:

  • Using energy-efficient appliances
  • Turning off unnecessary lights and electronics
  • Exploring alternative energy sources (e.g., solar)

Customer Classification Across DISCOs

To better understand how the tariff bands apply, it’s essential to know the customer classification across DISCOs. Here’s a breakdown:

Band A: Minimum of 20 Hours per Day Electricity Supply

  • Highest tariff band
  • Typically for residential and commercial customers with reliable power supply

Band B: Minimum of 16 Hours per Day Electricity Supply

  • Second-highest tariff band
  • For customers with slightly lower power supply duration

Band C: Minimum of 12 Hours per Day Electricity Supply

  • Mid-range tariff band
  • For customers with moderate power supply duration

Band D: Minimum of 8 Hours per Day Electricity Supply

  • Lower tariff band
  • For customers with limited power supply duration

Band E: Minimum of 4 Hours per Day Electricity Supply

  • Lowest tariff band
  • For customers with the least reliable power supply
TAGGED:New Electricity Tariff
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ByOkay News
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Okay.ng launched under OKN MEDIA PUBLISHING (RC Number: 2993580) in the year 2012 is an independent digital news platform with thousands of page views and unique visitors every month
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