Ikeja Electric (IKEDC) Tariff 2026: What Band A–E Actually Costs Per Unit

If you're on Ikeja Electric — Lagos's biggest DisCo by customer count, covering the Ikeja axis of the state — and you've searched for your actual tariff, you've probably landed on three or four sites quoting three or four slightly different numbers for Bands C, D, and E. That's not your imagination. We checked, and one of the most-cited comparison sites has Ikeja Electric's Bands C, D, and E wrong.

The short answer

Band A is ₦209.50/kWh — the same rate charged by all 11 NERC-regulated DisCos, frozen since July 2024.
Bands B–E are Ikeja Electric–specific and have been frozen since December 2022: Band B ₦62.48/kWh, Band C ₦45.80/kWh, Band D ₦31.24/kWh, Band E ₦31.24/kWh.
Anyone using 50kWh or less in a month pays a flat ₦4/kWh on all of it, regardless of band — the lifeline tariff.
These figures come directly from NERC's Multi-Year Tariff Order (MYTO) filings for Ikeja Electric, not from a comparison site — see the sourcing note below for why that distinction matters here specifically.

Why "check three sites and average them" doesn't work for this number

Nigeria's Band A tariff (₦209.50/kWh) is uniform and widely reported correctly across the internet — it's the same number for every DisCo, so it's hard to get wrong. Bands B through E are the opposite: they're DisCo-specific, they've been frozen since December 2022 rather than recently publicized, and they don't get the same press coverage a Band A hike does. That combination is exactly what lets errors creep in and persist.

Pulling Ikeja Electric's own May 2026 MYTO supplementary order directly from NERC (nerc.gov.ng) and reading the actual tariff table gives:

| Band | Hours of supply | IKEDC rate (₦/kWh) | |---|---|---| | A | 20+ hrs/day | 209.50 | | B | 16–20 hrs/day | 62.48 | | C | 12–16 hrs/day | 45.80 | | D | 8–12 hrs/day | 31.24 | | E | 4–8 hrs/day | 31.24 |

As of this writing, BillsGuide.ng — a popular Nigerian electricity-tariff comparison site — lists Ikeja Electric's Bands C, D, and E at ₦50.00, ₦43.00, and ₦40.00 respectively, citing "NERC MYTO Nov 2025" as its source. None of those three figures appear anywhere in NERC's actual published order for IKEDC. If you've been budgeting off a Band D or E figure closer to ₦40, you've likely been overestimating your bill; the real rate is meaningfully lower.

Why your July 2026 bill didn't move (even though NERC issued another order)

NERC issued a fresh MYTO order for July 2026 on 1 July, and it's easy to see that and assume your tariff changed again. It almost certainly didn't. NERC issues one of these "minor review" orders for every DisCo roughly every month, but the vast majority of them only recalculate the subsidy and remittance math owed between the DisCo and the federal government — they don't touch the customer-facing tariff table. Band A has been flat at ₦209.50/kWh since July 2024; IKEDC's Bands B–E have been flat since December 2022. Unless your DisCo has explicitly notified you of a rate change (which they're required to do, per NERC's own consumer-tariff FAQ), assume your band rate hasn't moved.

What this actually costs: the same 200kWh, four different bands

Two Ikeja Electric customers using an identical 200kWh in a month can have wildly different bills, purely because of which feeder serves their street:

| Band | 200kWh bill | |---|---| | A | ₦41,900 | | B | ₦12,496 | | C | ₦9,160 | | D / E | ₦6,248 |

That's a ₦35,652 gap between the best and worst band for identical usage — which is the whole logic of the Service-Based Tariff system: near-constant power costs roughly 6–7x more per unit than the least reliable feeders in the same DisCo.

What a prepaid recharge actually buys

Because Ikeja Electric customers are mostly on prepaid meters, the more practical question is usually "what does my recharge buy," not "what's my rate." A ₦10,000 top-up:

Band A: ₦10,000 ÷ ₦209.50 ≈ 47.7 units
Band C: ₦10,000 ÷ ₦45.80 ≈ 218.3 units
Band D/E: ₦10,000 ÷ ₦31.24 ≈ 320.1 units

The same ₦10,000 buys nearly seven times more electricity on Band E than on Band A. If you're not sure which band you're on, it's printed on your bill or vending receipt — or check with Ikeja Electric directly, since it's tied to your specific feeder, not something you choose.

One more wrinkle worth knowing: the lifeline rate applies to total monthly consumption, not a single recharge, so a small top-up doesn't automatically mean you're paying the ₦4/kWh lifeline rate — that only applies if your whole month's usage stays at or under 50kWh.

A quick note on "Lagos" tariffs generally

Ikeja Electric (IKEDC) only covers the Ikeja axis of Lagos State. Much of the rest of Lagos — Eko, Lagos Island, Victoria Island, Lekki, and surrounding areas — is served by Eko Electricity Distribution Company (EKEDC), which is a separate DisCo with its own Band B–E rates. If your address isn't in Ikeja Electric's coverage area, these Band B–E numbers don't apply to you even though you're also in Lagos — check which DisCo actually issues your bill.

Estimate your Ikeja Electric bill or check what your recharge buys →

Tariff figures are sourced directly from NERC's published Multi-Year Tariff Order for Ikeja Electric (IKEDC), current as of the May 2026 supplementary order and cross-checked against NERC's July 2026 MYTO release, which introduced no change to the customer-facing table. Tariffs are set by regulatory order and can change — always confirm against your actual bill or Ikeja Electric's customer service if a figure here looks out of date.