Ikeja Electric obeys NERC, suspends electricity tariff hike

Ikeja Electric obeys NERC, suspends electricity tariff hike

- Ikeja Electric Distribution Company (IKEDC) has reversed all electricity tariffs that it recently increased

- The company said its decision was in compliance with the directive of the regulatory body, NERC

- IKEDC gave Nigerians the good news on Thursday, October as the country celebrated its 60th Independence Anniversary

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Ikeja Electric, one of the electricity distribution companies (DISCOs) in Nigeria, has obeyed the order of the federal government of Nigeria to reverse the hike in tariffs.

IKEDC, as Ikeja Electric is called, announced its compliance with the order on Independence Day, Thursday, October 1.

The company tweeted a statement on its decision to comply with the order of the federal regulator, the Nigerian Electricity Regulatory Commission (NERC).

The statement read:

"Dear Esteemed customers,
"This is to inform you that we have fully complied with the Order from the Nigerian Electricity Regulatory Commission (NERC), to suspend the new Service Reflective Tariff (SRT) for the next two weeks.

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"Within this period, the tariffs for all customers shall be based on rates applicable as at 31 August, 2020.
"Thank you for your continued support

Legit.ng notes that the tariff hike has become one of the major concerns of the Nigeria Labour Congress which called off a nationwide strike at the eleventh hour on Monday, September 28.

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The strike was only called off after government and labour, following several meetings, agreed to suspend the electricity tariff hike for two weeks.

Subsequently, the NERC issued an order suspending the tariff hike for two weeks while government and deliberated on the matter.

Meanwhile, Legit.ng reported earlier that after the strike was suspended, one of the organized labour unions, the Trade Union Congress (TUC) threatened to resume the action if the government fails to go through with agreements reached at their joint meeting.

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TUC threatens to resume strike if government fails to deliver on its promises

The president of the TUC, Comrade Quadri Olaleye, disclosed this on Monday, September 28.

He said that the union would not hesitate to resort to strike if the FG fails to fulfill its end of the resolution.

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Source: Legit.ng

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