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UPDATED: Ikeja Electric unveils 45 premium feeders’ locations in response to NERC’s Band A tariff hike

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Last updated: April 5, 2024 2:56 pm
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… 5-step guide for customers to discover their feeder bands

 

Oredola Adeola

Ikeja Electric (IE) has introduced 45 distinct feeders across multiple locations designated under the 11kV Band “A” Feeders, aligning with the Nigerian Electricity Regulatory Commission’s updated rates for customers within the Band A service category, ensuring a minimum average daily supply of 20 hours.

 

This was obtained by Advisors Reports in a publication released on Friday by the Ikeja Electric following NERC’s decision to reduce the number of feeders that meet the Band A threshold from 875 to less than 500.

 

Ikeja Electric has also introduced a five-step process for customers to determine their feeder band, to enhance customer awareness and engagement in understanding their electricity supply and service category.

 

Customers are encouraged to visit the Ikeja Electric website, click on Customer Service, then Customer Feeder Information, followed by Customer Feeder Verification, and finally entering their account or meter number.

 

Meanwhile the new reclassified 11 KV feeder names and locations are:

 

  1. 11-Adekunle FajuyiNJ-T1-Isaac John
  2. 11-Adekunle FajuyiNJ-T1-Oduduwa
  3. 11-Adeniyi JonesINJ-T1-Adeniyi Jones
  4. 11-AlimoshoINJ-T4-Akowonjo
  5. 11-AlimoshoINJ-T4-FHA
  6. 11-AlimoshoINJ-T4-Alimosho
  7. 11-HiltopINJ-T1-Hiltop
  8. 11-IgbobiINJ-T1-Market
  9. 11-IgbobiINJ-T1-Railway
  10. 11-IjuINJ-T1-Galilee
  11. 11-IjuINJ-T2-Water Works
  12. 11-Ilupeju BypassINJ-T1-Bypass
  13. 11-Ilupeju BypassINJ-T1-Industrial
  14. 11-Ilupeju BypassINJ-T1-Obanikoro
  15. 11-Ilupeju BypassINJ-T1-ATM
  16. 11-Ilupeju BypassINJ-T1-Rida Plastic
  17. 11-Ilupeju BypassINJ-T3-Coker
  18. 11-Ilupeju BypassINJ-T3-Palmgrove
  19. 11-Ilupeju BypassINJ-T4-Ikorodu
  20. 11-ItireINJ-T2-Canal
  21. 11-Lagos-HomsINJ-T1-Estate
  22. 11-MagodoINJ-T1-Emmanuel Keshi
  23. 11-MagodoINJ-T1-Owulade
  24. 11-MagodoINJ-T1-Shangisha
  25. 11-MagodoINJ-T2-Bashiru
  26. 11-MagodoINJ-T1-Okupe
  27. 11-MarylandINJ-T1-PTC
  28. 11-MarylandINJ-T1-Demurin
  29. 11-OdogunyanINJ-T1-Centex
  30. 11-OgbaINJ-T1-Ijaye
  31. 11-OgbaINJ-T1-Isokoko
  32. 11-OgbaINJ-T2-Ifako
  33. 11-OgbaINJ-T2-Mangoro
  34. 11-OgbaINJ-T2-ObaAkran
  35. 11-OjoduINJ-T1-Ojodu
  36. 11-OjoduINJ-T2-Express
  37. 11-OjoduINJ-T2-River Valley
  38. 11-PTCINJ-T1-Opebi
  39. 11-PTCINJ-T2-Awuse
  40. 11-SecretariatINJ-T1-Omole
  41. 11-SecretariatINJ-T2-Agidingbi
  42. 11-SecretariatINJ-T2-UAC
  43. 11-ShashaINJ-T1-Coker Estate
  44. 11-IgbobiINJ-T2-Igbobi
  45. 11-OdogunyanINJ-T2-Odokekere

Advisors Reports gathered that 11 and 33 feeder locations have been reclassified under Band “A” by the Nigerian Electricity Regulatory Commission (NERC), which is expected to enhance the efficiency and transparency of the power supply system for customers in the affected areas.

 

NERC has however in publication obtained by Advisors Reports on Thursday, emphasised  the decision to increase the tariff was based on key market tariff review indices, including Nigerian inflation, US inflation, exchange rate, transmission loss factor, generation cost, transmission and administration cost, and wholesale gas to power prices.

 

The new tariff hike, raising the average from N65/kWh to N225/kWh for customers on Band A, was justified by NERC through key market tariff review indices, including Nigerian inflation (12% to 31.7%), US inflation (3% to 3.2%), and a significant exchange rate increase from N919.39 to N1,463.30 per US dollar, alongside rising generation costs from N63.8 to N103.9/kWh and transmission & admin costs from N6.8 to N9.1/kWh.

 

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