Africa Press-Nigeria:<\/p>\n
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday directed the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 new tariff.<\/p>\n
The commission\u2019s suspension order of the Multi Year Tariff Order (MYTO) 2020 signed by Prof James Momoh, NERC\u2019s Chairman was released on its website on Wednesday.<\/p>\n
The suspension, which followed a joint communique issued by the Federal Government and the labour unions, is for 14 days.<\/p>\n
Recall that the Federal Government had agreed the suspension is in order to further consultations and finalisation of negotiations between the parties.<\/p>\n
The order by NERC said that from Sept 28 to Oct 11, the DisCos must revert all charges to the tariff existing as of Aug 31.
\n\u201cThis means that for the next two weeks, electricity consumers having power above 12 hours who were affected by the over 100 per cent tariff hike would revert to their old charges,\u201d it said.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Africa Press-Nigeria: The Nigerian Electricity Regulatory Commission (NERC) on Wednesday directed the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 new tariff. The commission\u2019s suspension order of the Multi Year Tariff Order (MYTO) 2020 signed by Prof James Momoh, NERC\u2019s Chairman was released on its website on Wednesday. The suspension, which followed a […]<\/p>\n","protected":false},"author":62,"featured_media":29753,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[508,1289],"class_list":["post-30561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-electricity","tag-nerc"],"yoast_head":"\n