NERC officially announces suspension of hike in electricity tariff for 14-day
The Nigerian Electricity Regulatory Commission (NERC) said it has suspended the increase in energy tariff for 14 days in accordance with the agreement with the labour union by the government.
in a regulatory communication with the 11 power Distribution Companies (DisCo) in the country, NERC said the suspension shall take effect from September 28 and end on October 11, 2020.
The notice was signed by the chairman of the commission, James Momoh and the commissioner in charge o legal, licencing and compliance, Dafe Akpeneye.
“Following a joint communique issued by the Federal Government of Nigeria (“FGN”) and the labour unions, the FGN 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.
“The Commission hereby suspends for a period of 14-days, with effect from 28 September 2020 to 11 October 2020, the MULTI YEAR TARIFF ORDER 2020 that was issued to the following DisCos…,” the commission wrote in the communication.
“All tariffs for end-use customers and market obligations of the DisCos during the 14-day suspension shall be computed on the basis of rates applicable as at 31 August 2020,” the NERC said.
The Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) had in the early morning of Monday reached an agreement with the government to suspend the tariff for a period of two weeks to enable a committee mandated to review it and come up with a valid reason for the increase.
the agreement following negotiations with the labout union on their plan to embark on industrial action to protest the hike in electricity tariff and the increase in the pump prices of fuel.