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BREAKING: Finally NERC suspends electricity tariff hike

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The Nigerian Electricity Regulatory Commission (NERC) on Wednesday coordinated the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 new tariff.

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

The suspension, which followed a joint communique circulated by the Federal Government and the trade unions, is for 14 days.

Recall that the Federal Government had agreed to the suspension so as to encourage consulting and finish of negotiations between the parties.

The request by NERC said that from Sept 28 to Oct 11, the DisCos must return 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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