Electricity Tariff Hike Officially Suspended By NERC

The Nigerian Electricity Regulatory Commission (NERC) on Tuesday September 29, officially suspended the electricity tariff hike.

The Federal Government on Sunday night announced suspension of the hike in electricity tariffs for 14 days, a development that prompted the halt of a nationwide strike by labour.

But Power Distribution Companies (DisCos) on Monday claimed that no order concerning the matter had been received from the regulator.

The regulator issued Order No. NERC/209/2020 around 10.30 pm on Tuesday; with the title, “NERC Order on suspension of the Multi-Year Tariff Order 2020 for the electricity distribution licensees.”

The order was co-signed by the NERC Chairman, James Momoh; and the Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye, also signed the order.

The commission said, “This order shall take effect from 28th September 2020; and shall cease to have an effect on the 11th October 2020.”

The NERC had approved a new tariff for power distributors that took effect from September 1, 2020, but this was resisted by labour unions and many power users.

However, in its latest order, the NERC said the September 1, 2020 increase in tariff had to be suspended for 14 days; based on the agreement between Federal Government and labour unions.

It directed the 11 power distribution companies across the country to abide by the order.

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