Nigeria Suspends Hike in Electricity Tariff for 14 Days

Nigeria has suspended the implementation of a new electricity tariff that came into effect on September 1 for two weeks.

The Nigerian Electricity Regulatory Commission – NERC – ordered the 11 Electricity Distribution Companies (DISCOs) to suspend tariff increase.

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

The tariff hike pause follows a joint communique issued by the Federal Government and the labour unions.

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

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The order by NERC reads that from September 28 to October 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.

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