Ikeja Electric Begins Implementation Of New Tariff July 1
Ikeja Electric Plc on Friday said it would begin implementation of its revised electricity tariff from July 1.
The electricity distribution company made the announcement in a statement signed by its Head of Corporate Communications, Mr Felix Ofulue.
Ofulue said the Ikeja Electric Plc’s new tariffs, which are service reflective, are end-user rates to be paid for electricity based on the level of service (including availability and reliability) provided to a cluster of customers.
He said: “This is in line with our Performance Improvement Plan (PIP) across the entire network in the coming months and years.
“The different service levels to all categories of electricity consumers will also be accompanied by a change in tariff which has taken into cognisance changes in macroeconomic indices in the country.
”This will enable all the market players (Generation, Transmission, Distribution, and gas suppliers) in the Nigeria Electricity Supply Industry to cover the cost of their operations and ensure improved service delivery.”
According to him, the plan is for the sector to gradually make a transition to a full cost-recovery market where the cost of services provided will be fully recovered.
Ofulue said services were also expected to improve within a very short time in customer service delivery, infrastructural upgrade, metering and technological solutions.
He, however, said that this would be based on the level of investments that will be attracted, going forward.
Kaduna State Government, Google and its partners have launched the first Hausa-language AI learning series…
Star Life’s new series Beyond Love May teasers 2024 can be accessed on this online…
The ARENA, Adron Homes' renowned Business Warfare Challenge is back. Glamtush reports that Adron…
Star Life’s new series Evil Affairs May teasers 2024 can be accessed on this online…
Star Life Lost in Love teasers May 2024 can be accessed on this platform. Check…
Strings of Love teasers May 2024 showing on Star Life can be accessed on this…