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NERC Orders Suspension of Electricity Tariff Hike for 14 days

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The Nigerian Electricity Regulatory Commission (NERC) on Wednesday directed the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 new tariff.

This was inline with the agreements reached by the Federal Government and Labour unions in the early hours of Monday to prevent the proposed strike.

The commission’s suspension order of the Multi Year Tariff Order (MYTO) 2020 signed by Prof James Momoh, NERC’s Chairman was released on its website on Wednesday.

The suspension, which followed a joint communique issued by the Federal Government and the labour unions, is for 14 days.

The order by NERC said that from Sept 28 to Oct 11, the DisCos must revert all charges to the tariff existing as of Aug 31.

“This means that for the next two weeks, electricity consumers having power above 12 hours who were affected by the over 100 per cent tariff hike would revert to their old charges,” it said.

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