The Nigerian Electricity Regulatory Commission, NERC, has announced the postponement of the planned increase in electricity tariff for end-use customers.
The increase which was scheduled to commence on April 1st, will now take effect from July, 2020.
NERC chairman, James Momoh, in an order released on Tuesday, directed all distribution companies to submit a detailed plan for the attainment of full recovery of prudent costs and allowed return on capital revenue requirements by 30 June 2021.
NERC also directed the DisCos to submit revised Performance Improvement Plans based on the key objective of improvement in service for and use customers and transiting to full revenue recovery no later than 21 April 2020.
According to the commission, the approved plans shall form the basis for future tariff reviews and full col recovery.
NERC had in a December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020 disclosed that it would increase tariff from April 1st 2020.
The proposed increase was described by most stakeholders as one of the most callous decisions in the face of epileptic power supply, as well as lockdown of economic activities and the many implications of the Corona Virus outbreak.