Electricity Tariff: NERC asks DisCos to suspend new tariff for 14 days
The new electricity tariff has been suspended.
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday directed the 11 Electricity Distribution Companies (DISCOs) to suspend the new Sept. 1 tariff.
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.
This suspension is coming following a joint communique issued by the Federal Government and the labour unions. Secretary to the Government of the Federation, Boss Mustapha and Mamman were among the team that had a meeting with the labour unions.
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.
The Federal Government agreed that the recent review in electricity tariffs would be suspended by the commission for a period of 14 days to continue consultations and finalisation of negotiations between the parties.
