Finally, the Nigerian Electricity Regulatory Commission (NERC) has implemented the Federal Government’s directive by instructing the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 new tariff.
The NERC’s suspension order of the Multi Year Tariff Order (MYTO) 2020 signed by its Chairman, Prof James Momoh, was released on its website on Wednesday.
The suspension, which followed a joint communiqué issued by the Federal Government and the labour unions, is for a period of 14 days.
It would be recalled that the Federal Government had agreed the suspension is in order to further consultations and finalization of negotiations between the parties.
Labour unions had threatened to commence strike on Monday over the increment before they reached a truce with the Federal Government for a two-week suspension of the new rates.
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.
The statement said, “This means that for the next two weeks, electricity consumers having power above 12 hours who were affected by the over 100 percent tariff hike would revert to their old charges”.