The Nigerian Electricity Regulatory Commission, NERC, on Wednesday, directed the 11 electricity Distribution Companies, DISCOs, to suspend the new electricity tariff.
DAILY NIGERIAN reports that the new tariff, Multi-Year Tariff Order, MYTO, 2020, took effect on September 1.
The suspension order, signed by the NERC Chairman, Prof James Momoh was released by the Commission on its website on Wednesday.
“From September 28 to October 11, the DisCos must revert all charges to the tariff existing as of August 31.
“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,” the statement said.
DAILY NIGERIAN reports that the suspension, which followed a joint communiqué issued by the Federal Government and the labour unions, is for 14 days.
Recall that the Federal Government had agreed to the suspension in order to further consultations and finalisation of negotiations between the parties.