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Reasons Why FG suspended electricity tariff hike

Reasons Why FG suspended electricity tariff hike

The Nigerian Electricity Regulatory Commission(NERC) has ordered the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 tariff increase for 14 days.

 

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

NERC suspension followed 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.

 

(Vanguard)

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