NERC Issues Order Suspending Tariff Hike For 14 Days

The Nigerian Electricity Regulatory Commission on Tuesday night issued an order suspending the September 1, 2020 hike in electricity tariffs for 14 days.

Labour unions and the Federal Government had reached a truce on Sunday night to reverse the hike in electricity tariffs for 14 days, a development that prompted the halt of a nationwide strike by labour.

Power distributors had on Monday and earlier on Tuesday told our correspondent that no order concerning the matter had been received from the regulator.

The commission said, Quote “This order shall take effect from 28th September 2020 and shall cease to have effect on the 11th October 2020.” It ordered the 11 power distribution companies across the country to abide by the order.

The commission also stated that all tariffs for end-use customers and market obligations of the Discos during the 14-day period suspension shall be computed on the basis of rates applicable as of August 31, 2020.

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