NERC finally issues order suspending tariff hike for 14 days
The Nigerian Electricity Regulatory Commission on Tuesday night issued the anticipated order suspending the hike in electricity tariffs for 14 days.
Labour unions and the Federal Government had reached an agreement on Sunday following the labour unions' threat to go on a nationwide industrial action on Monday.
However, after a lengthy meeting on Sunday, both parties agreed to reverse the hike in electricity tariff for 14 days, a development which halted the planned nationwide strike by labour.
On Monday and early hours of Tuesday, power distributors had told news correspondents that the regulator had not received any order concerning the matter.
The regulator, however, issued the order later around 10:30 pm on Tuesday describing the regulatory instrument as, "NERC Order 2020 for the electricity distribution licenses".
The commission read, "This order shall take effect from 28th September 2020 and shall cease to have effect on the 11th October 2020".
The commission had earlier approved a new tariff for power distributors which took effect from September 1, 2020. However, the approval was resisted by the labour unions as well as many power users.
But, in its latest order, the NERC said the September 1, 2020 increase in tariff will now be suspended for 14 days in line with the agreement which the Federal Government had with the labour unions.
It ordered that the 11 power distribution companies across the country abide by the order which was signed by the NERC Chairman, James Momoh and the Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye.
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