The Nigerian Electricity Regulatory Commission (NERC) on Tuesday formally ordered electricity distribution companies also known as Discos to suspend for 14 days the hike in electricity tariffs, which was implemented on September 1, 2020, nationwide.
The development is in the aftermath of the agreement between the Federal Government and organised labour, part of which led to the suspension of Monday’s nationwide strike to protest in the increment as well as hike in the price of petrol due to the cancellation of the controversial subsidy regime.
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Titled “NERC Order on suspension of the Multi-Year Tariff Order 2020 for the electricity distribution licensees”, the directive said: “This order shall take effect from 28th September 2020 and shall cease to have effect on the 11th October 2020.”
Tariffs for the period under the suspension shall be calculated based on rates applicable as of August 31, 2020, according to the order jointly signed by NERC Chairman, James Momoh, and the Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye.
For anyone who may have missed it, NERC has issued an Order to the DisCos suspending the recent review in tariffs for 14 days in line with the FG's agreement with the Labour Union.
During the suspension, all tariffs shall be computed on the rates applicable as at August 31, 2020 pic.twitter.com/75D2Kg2kcv— NERC Nigeria (@NERCNG) September 29, 2020
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