Ikeja Electric Plc, one of the electricity distribution companies in the country, has said it is ready to cut customers’ unpaid bills by 10 per cent to 20 per cent depending on the amount owed the firm.
The company on Wednesday said in a statement that it introduced the debt discount initiative to enable customers to pay off their outstanding bills and meet their financial obligations to the company.
It said the initiative, designed specifically for unmetered non-maximum demand customers, was put in place to provide an avenue to support customers, especially those who are financially constrained by the present economic realities.
The three-tier scheme provides a 10 per cent discount for customers who owe between N50,000 and N100,000.00; 15 per cent discount for those owing above N100,000 but less than N200,000, and 20 per cent discount for customers who owe above N200,000, said Ikeja Electric, which covers parts of Lagos.
The company’s Head, Corporate Communications, Felix Ofulue, said, “Ikeja Electric decided to introduce this scheme as a form of financial support to our customers who are willing to pay down on outstanding amounts owed us. By providing this discount to them, we also share part of the cost of the consumed energy.”
According to the statement, customers are required to apply to the company, stating if they wish to participate in the ‘outright or installment’ debt discount exercise.