News
NERC Suspends Electricity Tariff Hike
Zainab Sanni
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday directed the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 new tariff.
The suspension order of the Multi Year Tariff Order (MYTO) 2020 posted on its website on Wednesday was signed by Prof James Momoh, NERC’s Chairman.
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The suspension followed a joint communique issued by the Federal Government and 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.
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