The FG and the Nigerian Labour Unions have agreed to suspend the electricity tariff increase for a period of two weeks.
NERC said President Buhari remains committed to protecting Nigerians arbitrary/estimated billings.
Electricity Tariff hike is set to go live on September 1, 2020.
The new regulations would be in line with its commitment to support Nigeria’s electricity reforms.
This, it was said will help DisCos meet the 2024 deadline which they had committed to.
The National Assembly in conjunction with stakeholders have stopped the planned tariff hike scheduled for July 1
The absence of a market reflective tariff had continued to have a negative impact on the sector.
DisCos have expressed their willingness to align with the proposal of the National Assembly that Nigerians should get free power supply for 2 months.
The Nigerian Electricity Regulatory Commission (NERC) has postponed the take-off of the new electricity tariff by the Electricity Distribution Companies (DisCos)
A report by the Association of Nigerian Electricity Distributors has shown that the DisCos in Nigeria recorded 8% growth in their revenue collection.