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FG SUSPENDS INCREASE IN ELECTRICITY TARRIF

The Nigerian Electricity Regulatory Commission, NERC has suspended the new increase in electricity tarrif for a period of fourteen days with effect from 28th of September 2020 to 11th of October 2020

A statement signed by the Chairman of the Commission, Professor James Momoh, NERC says the suspension is in compliance with the agreement reached by the federal government and the organised labour for further consultation and finalisation of negotiations between the parties.

The Commission therefore directs all the eleven distribution Companies in the country to comply with the directive

All tarrifs for customers and market obligations of the distribution companies during the fourteen days suspension, NERC says shall be computed on the basis of rates applicable as at 31st of August 2020.

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