Nigeria’s Ikeja Electric Reverses Tariff

Ikeja electric distribution company has announced its readiness to fully comply with the order from the Nigerian Electricity Regulatory Commission and suspend the new Service Reflective Tariff (SRT) for the next two weeks.

The electricity distribution company – DisCO – confirmed this development in a public notice to customers posted on its official Twitter account on Thursday.

It can be recalled that NERC had on Wednesday ordered all 11 electricity distribution companies to suspend the September the 1 tariff increment.

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

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The suspension follows a joint communique issued by the Nigerian government and the labour unions in the country.

The Government agreed that the recent review in electricity tariffs would be suspended by the commission for a period of 14 days for further consultations that will lead to final negotiations between the parties.

The order by NERC reads that from September 28 to October 11, the DisCOs must revert all charges to the tariff existing as of August 31.

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