Electricity tariff: FG extends suspension of hike by 1 week

Electricity tariff: FG extends suspension of hike by 1 week

- The suspension of the implementation of the electricity tariff hike has been extended by one week

- This was announced by the leadership of Nigeria Electricity Regulatory Commission (NERC) on Monday, October 12

- NERC announced that this period will give time for the technical committee on electricity tariff to work on a plan for the implementation of the new tariffs

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In the interest of Nigerians, the federal government has extended the suspension of the implementation of electricity tariff hike by another week.

This latest move by the Nigerian government was announced on Monday, October 12, by the chairperson of the Nigeria Electricity Regulatory Commission (NERC), James Jimoh, Premium Times reports.

Jimoh revealed this when the ad hoc technical committee on electricity tariff submitted its interim report during a fresh meeting between the government and labour unions in Abuja on Monday.

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Electricity tariff: FG extends suspension of hike by 1 week

Chris Ngige and Festus Keyamo in meeting with labour unions. (Photo credit: Premium Times)
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According to the NERC boss, the period will afford the committee time to deliberate on the justification of the upward review of the tariff.

He noted that the committee, chaired by the minister of state for labour, Festus Keyamo, within this time will also work on modalities for the implementation of the agreement reached on the electricity tariffs structure.

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On his part, the minister of labour and employment, Chris Ngige, said that adoption of the blueprint for implementing the resolutions has been reached.

Meanwhile, Legit.ng reported that the NERC said it was committed to ensuring that “poor and vulnerable” Nigerians do not experience any undue increase in electricity tariff.

The commission's chairman, Jimoh, made this known in a statement released on Wednesday, August 26.

Momoh said electricity distribution companies (DISCOs) can only increase prices only after customers had been consulted and metered.

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He said the DISCOs must also commit to increasing the number of hours of electricity supply per day.

The NERC boss said:

“This means that unmetered customers will not experience any cost increase beyond what is chargeable to metered customers in the same area..."

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Source: Legit.ng

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