Energy

Energy For Residential

Nigerians now have alternatives when they attempt to power their homes. The exisiting options include sourcing energy from the distribution companies registred with the Nigerian electiricity regulation commission. Alternatively home owners can source power by subscribing to entities that generate 1 MW and below of electricity or a distribution network of 100KW or below.

Compare price market will look at the 11 distribution companies (DisCos) registred with the Nigerian electricity regulation commission and other prominent entities. This platform will make effort to compare the rates and also provide information that will help inform your decision making when buying or paying for your next electicity.

From the tarrifs offered by the Discos, the pricing varies and from our research the difference in pricing is as a result of  many factors. The common denominator for all the factors considered by the companies is the actual overhead cost in delivering this service and depending on your location across the country, cost will always vary.

The Nigerian electricity regulation comission uses a methodology build on three blocks, The allowed return on capital –fair (market based) rate of return on capital invested; The allowed return of capital – recoup capital over the useful lives of the assets (depreciation); Efficient operating costs and overheads. The DisCos are bound to play by this rules.  

A major factor that consumer do have to think about, even if the tarrif is low - how often do the service providers make the energy available. Despite operating a prepaid service which some consider a scam, the simple truth that there are no guarantees for supply when needed, albeit a prepaid metering system as against a post paid and better metering system is questionable. 

However other entities that generate 1 MW and below of electiricty or distribution network of 100KW or below, seem to have more autonomy when it comes to pricing since they generate and also distribute. So if you are looking to buy power, either in your existing home or planning to relocate to a new town, it is wise to do the maths and consider what is most important to you.

Getting power in your new area might be more expensive when compared to where you were before. From the DisCo tarrif comparison, the only constant rate  irrespective of the location are the areas classified as R1 (Residential in rural areas with consumption below 50 Kwh units), as of today, they pay the minimum of 4 Naira per kilowatt-hour.

If you dont already live in areas classified into this category, and you are a sole entreprenure with little dependency on other busineses  to offer your products/ services, you might just want to consider relocating to these communities if the energy rate at your present location is affecting your competitiveness.  However, dont just take our word for it! it is advisable to make enquires in such communities and find out how often they get power supply.  

Find out the residential clasiffication of your new area and  know your tariff if you are a customer to any of the DisCos. Click on the  Location Tarrif button below to find out.

But again while you are spending more on power, you may be saving on transportaion and food. Whatever your reason for comparison, information is key and it gives you an edge. You can also use our calculator to compare cost of relocating as it affects your bills, considering power, food, transportation and accomodation. 

DisCos Residential Tarrifs

IBADAN ELECTRICITY

Address: Capital Building, 115 Ring Road, Ibadan, Oyo State.

Franchise Coverage Area: Oyo, Ogun, Osun, Kwara and parts of Niger, Ekiti and Kogi states.

Website: http://www.ibedc-ng.com

Call Centre: 0903-900-0065, 0905-369-8850, 0905-369-8851

Email: customercare@ibedc.com

ENERGY RATE (₦/Kwh) 

R1 (Residential in rural areas with consumption below 50 Kwh units) = 4.00
R2 (Residential non rural (Single and 3 Phase) = 25.71
R3 (Residential Low Voltage Maximum Demand) = 45.98
R4 (Residential High Voltage Maximum Demand 11/33kV). = 45.98

Buy power

IKEJA ELECTRICITY

Address: Secretariat Rd, Alausa-Ikeja, Lagos State.

Franchise Coverage Area: Parts of Lagos States (Abule Egba, Akowonjo, Ikeja, Ikorodu, Oshodi, Shomolu)

Website: http://www.ikejaelectric.com

Call Centre: 0700-022-5543, 01-7000-250, 01-448-3900

Email: customercare@ikejaelectric.com

ENERGY RATE (₦/Kwh)

R1 (Residential in rural areas with consumption below 50 Kwh units) = 4.00
R2SP (Residential non rural (Single Phase) = 18.94
R2 TP ( Residential non rural ( Three (3) Phase) = 21.15
R3 (Residential Low Voltage Maximum Demand) = 31.62
R4 (Residential High Voltage Maximum Demand 11/33kV). = 32.00 

Buy power

EKO ELECTRICITY

Address: 24/25 Marina Street, Lagos Island, Lagos State .

Franchise Coverage Area: Southern Lagos State (Ojo,Festac, Ijora, Mushin (also covers Orile areas), Apapa, Lekki (also covers Ibeju areas), Lagos Island (also covers Ajele areas) & part of Ogun State (Agbara)

Website: https://ekedp.com

Call Centre: 0708 065 5555

Email: customercare@ekedp.com

ENERGY RATE (₦/Kwh) 

R1 (Residential in rural areas with consumption below 50 Kwh units) = 4.00
R2SP (Residential non rural (Single Phase) = 20.47
R2 TP ( Residential non rural ( Three (3) Phase) = 26.02
R3 (Residential Low Voltage Maximum Demand) = 26.74
R4 (Residential High Voltage Maximum Demand 11/33kV). = 26.74 

Buy power

ABUJA ELECTRICITY

Address: No. 1 Ziquinchor Street, Off IBB Way, Wuse Zone 4, Abuja.

Franchise Coverage Area: FCT, Kogi, Nasarawa & most parts of Niger States



Website: http://www.abujaelectricity.com

Call Centre: 0815-018-1818, 0815-019-1919

Email: info@abujaelectricity.com 

ENERGY RATE (₦/Kwh)

R1 (Residential in rural areas with consumption below 50 Kwh units) = 4.00
R2 (Residential non rural (Non Maximum Demand) = 24.03
R3 (Residential Low Voltage Maximum Demand) = 45.72
R4 (Residential High Voltage Maximum Demand) = 45.72 

Other Entities Tarrifs

Renewables -Commercial/Estate buildings

Scope: They work with multiple Solar Power Providers

Installation : Free

Equipment Cost : Free

Registration Fee : Depending on Commercial/Estate Size

Type: Commercial buildings

Benefit: Alternative to genertors, with drop in cost Overtime.

Email: info@issacbrawn.com

Phone number: 09027663173

Website: www.issacbrawn.com

ENERGY RATE (₦/Kwh)

Commercial : ₦350/Kwh - Rate continually drops after the first year.

Enquire

 Renewables - Individual homes

Scope: They work with multiple Solar Power Providers

Installation : Not free

Equipment Cost : Not free

Registration Fee : Non

Type: individual homes

Benefit: Alternative to genertors/DisCos.

Email: info@issacbrawn.com

Phone number: 09027663173

Website: www.issacbrawn.com

ENERGY RATE (₦/Kwh)

Homes: No usage charges. just instalations

Calculate cost

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