The Nigerian Electricity Regulatory Commission has finally issued an order suspending the September 1, 2020 hike in electricity tariff for two weeks.
The commission’s suspension order of the Multi Year Tariff Order 2020 signed by NERC’s Chairman, Prof James Momoh, was released on its website on Wednesday.
The suspension is in line with the agreement reached with the organised labour on the suspension of strike over the hike in electricity tariff and increase in pump price of petrol on Sunday night.
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.
The suspension of the hike in tariff for 14 days is to give room for the government and labour to reaching a resolution of the contending issues involved.
“This 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,” the order reads.
Before now, the Organised Labour, in the early hours of Monday, had suspended the proposed strike over the increase in prices of petrol and electricity tariff.
The suspension was contained in a communique which was jointly signed by labour leaders and the Federal Government representatives, and read by the Minister of Labour and Employment, Senator Chris Ngige, at the end of the meeting that lasted about seven hours.
“The Terms of Reference (ToR) are as follows: To examine the justification for the new policy on cost-reflective Electricity Tariff adjustments.
According to the communique, the committee would “Look at the different Electricity Distribution Company (DISCOs) and their different electricity tariff vis-à-vis NERC order and mandate.
“Examine and advise the government on the issues that have hindered the deployment of the six million meters.
“To look into the NERC Act under review to expand its representation to include organised Labour.
“The Technical sub-committee is to submit its report within two weeks.
“During the two weeks, the DISCOs shall suspend the application of the cost-reflective electricity tariff adjustments.
“The meeting also resolved that the following issues of concern to Labour should be treated as stand-alone items.