FG directs NERC to suspend adjusted tarrif. The Federal Government has led that the Nigerian Electricity Regulatory Commission to suspend the newly corrected electricity tariff.
NERC had on Tuesday increased the electricity tariff payable by power consumers throughout the nation. The increase in tariff which fluctuates, based on various customer classes, took effect from January 1, 2021.
The Minister of Power, Sale Mamman, made this known at an announcement on Thursday.
The regulatory agency attributed the N2 into N4 adjustment in tariff on inflation and motion in foreign exchange prices. Labour unions have threatened showdown over the development, saying the government was insensitive to the plight of Nigerians, thinking about the fact that there was an increment last two weeks.
But from the statement on Thursday, the ministry said there was a committee focusing on the new electricity tariff plan and the committee should be permitted to finish its work before any alteration or development.FG directs NERC to suspend any increament instantly.
Mamman, therefore,FG directs NERC to suspend the recent increment until the committee concludes its work by end of January.
He said,”The public is aware that the Federal Government and the Labour Centers happen to be engaged in positive talks about the electricity industry through a joint ad-hoc Committee headed by the Minister of State for Labour and Productivity and Co-Chaired from the Minister of State for Power. Great progress was made in these deliberations that are set to be concluded at the end of January, 2021.
“To promote a constructive conclusion of the dialogue using the Labour Centers (through the Joint Ad-Hoc Committee), FG directs NERC to forestall the implementation of this duly performed minor review (which adjusted tariffs between N2 per kWh and N4 each kWh) until the conclusion of the Joint Ad Hoc Committee’s work in the end of January 2021.
“This will allow for the results of all resolutions in the Committee to be implemented collectively. The Administration is committed to developing a sustainable, growing, and rules-based power marketplace for the benefit of all Nigerians.”