NERC bows to electricity tariff hike suspension order

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Today, the Nigerian Electricity Regulatory Commission (NERC) has communicated all the Electricity Distribution Companies (DISCOs) to suspend the new tariff rate imposed on first of September.

The suspension, which followed a joint communique issued by the Federal Government and the labour unions to suspend the tariff for 14 days, was signed by Prof James Momoh, NERC’s Chairman and was released on its website.

The order by NERC said that from Sept 28 to Oct 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,” it said.

Recall that the Federal Government had agreed the suspension is in order to further consultations and finalisation of negotiations between the parties.

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