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.”
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.