How to calculate your Ikja Electric units

Do you know how to calculate the amount of units you will get after you recharge your meter?

It is very simple and we are going to show you how!

There are two possible scenarios when you make a recharge on your account.

Scenario one

If you don’t have a minimum payment requirement on your account. This means you should get full value for the amount you recharge and the steps below show how Ikeja Electric calculates what you get in terms of unit (kWh)

Example

Recharge amount: This is the amount you indicate on the form that you want to recharge. Excluding any service charge by the payment gateway.

For example, you want to recharge N2000

Rate: This is what Ikeja Electric charges you based on your location and meter type. Typically a three-phase meter will be on a higher rate than a single-phase meter.

Also your type of area classification will determine your electricity rate. Commercial properties attracts higher electricity rate than residential properties. If you want to read more on this, click here.

You can check your rate on any of the receipts we’ve sent to you in the past. Or simply login to your account on comparelight.com and click transactions on the top main menu, select any recent transaction. For this example, our rate will be N23.00k.

VAT: On every electricity transaction you make recharging your prepaid meter, the government charges VAT ( Value Added Tax ). Presently the VAT for Nigeria is 5%.

Calculation

Amount recharge - ( VAT x Amount recharge)
Rate

2000 - ( 5% x 2000)
--------------
23

= 82.61 in kWh is the unit the customer gets

Scenario 2

If there is a minimum payment requirement on your account (for example, assuming your minimum payment is N2000 and you recharged N4000). You will need to first deduct the minimum payment from the amount you paid then the balance will be the amount recharged.

Follow the steps above and calculate the units you will be getting.

Hope this helps? If you have any question or need assistance, do not hesitate to contact us.