The NERC has suspended the payment of the new electricity tariffs earlier scheduled to take off today, April 1, for at least three months.
A report by the Association of Nigerian Electricity Distributors has shown that the DisCos in Nigeria recorded 8% growth in their revenue collection.
The NERC said it had repealed the estimated billing methodology regulation, effective February 20th, 2020.
DisCos in Nigeria have responded to the threat of the Nigerian Electricity Regulatory Commission (NERC) to cancel licences issued to eight firms
The new electricity tariffs introduced by NERC will be effective from April 1, the power distribution companies (DisCos) have disclosed.
FG will bear a financial burden of N544.894 billion in 2020 being the cumulative shortfall in electricity tariffs of the 11 DisCos.
GenCos have agreed to shut down power production and supply over NBET's proposed 0.75% administrative charge and a debt of over N1 trillion.
Senate Committee on Power is making attempts to resolve the rift between the NERC and the DisCos.
Electricity Distribution Companies (DisCos) in Nigeria suffered huge revenue shortfalls in the tune of N1.67 trillion in the past five years.
Nigerian Electricity Regulatory Commission (NERC) hiked the tariff payable by power consumers across the country.