27 C
Lagos

NERC Suspends Tariff Hike For 14 Days

Must Read

53 Persons Arrested In Connection With Kubwa NYSC Camp Looting – IGP

Fifty-three persons have been arrested in connection with the looting at the National Youth Service Corps (NYSC)...

Liverpool Defender Undergoes Sucessful Knee Surgery

Virgil van Dijk has undergone successful knee surgery and will begin rehabilitation, Premier League champions Liverpool said...

Six Dead, Buildings Collapse As Major Quake Hits Turkey, Greece

A powerful earthquake hit Turkey and Greece on Friday, killing at least six people, levelling buildings and...

The Nigerian Electricity Regulatory Commission , NERC on Tuesday night issued an order suspending the proposed September 1, 2020 hike in electricity tariff for 14 days.

The Labour unions and the Federal Government had entered into a truce on Sunday night prompting NERC to reverse the hike in electricity tariff for 14 days. This truce prompted the halt of a nationwide strike by the labour union.

Power distributors had on Monday and earlier on Tuesday told Punch correspondent that they were yet to receive an order concerning the matter had been received from the regulator.

Sources at the commission confirmed that an order might come from the regulator on Tuesday night.

The regulator issued the Order No. NERC/209/2020 around 10.30 pm on Tuesday, describing the regulatory instrument as “NERC Order on suspension of the Multi Year Tariff Order 2020 for the electricity distribution licensees.”

[READ ALSO] 2023: IPSC Supports for Igbo presidency in Ibadan

The commission said, “This order shall take effect from September 28 2020 and shall cease to have effect on the October 11 2020.”#

The commission had earlier approved a new tariff for power distributors to take effect from September 1, 2020. Labour unions and most power users resisted this new tariff.

However, in its latest order, the NERC said the September 1, 2020 increase in tariff had to be suspended for 14 days based on the agreement between the Federal Government and labour unions.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

53 Persons Arrested In Connection With Kubwa NYSC Camp Looting – IGP

Fifty-three persons have been arrested in connection with the looting at the National Youth Service Corps (NYSC)...

Liverpool Defender Undergoes Sucessful Knee Surgery

Virgil van Dijk has undergone successful knee surgery and will begin rehabilitation, Premier League champions Liverpool said on Friday.

Six Dead, Buildings Collapse As Major Quake Hits Turkey, Greece

A powerful earthquake hit Turkey and Greece on Friday, killing at least six people, levelling buildings and creating a sea surge that...

Protests: Police Personnel Acted Professionally, IGP Tells Amnesty International

The Inspector-General of Police, Mohammed Adamu said the officers of the Nigeria Police Force acted professionally and exercised commendable restraints during the...

Soldiers Block Lagos End SARS Judicial Panel From Entering Military Mortuary

Members of the Lagos Judicial Panel on End SARS who earlier visited the Lekki shooting scene have been stopped from entering the...
- Advertisement -

More Articles Like This

- Advertisement -