The Nigerian Electricity Regulatory Commission has halted its plans to increase electricity tariffs.
The NERC has slated today (Wednesday) to roll out new increased price for electricity.
NERC had on January 4, in its December 2019 Minor Review of Multi Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020 for the 11 Discos, said that consumers would start to pay more for electricity from April 1.
The power distribution companies had filed applications with the commission for a review of their respective end-user tariffs.
The regulator said on Tuesday that public hearings were held at different locations within the franchise areas of the Discos from February 25 and March 9 to consider the applications.
It said the wide metering gap in the Nigerian electricity supply industry, currently at about 60 per cent, “is a major impediment to both an immediate tariff review and revenue protection for Discos.”
According to NERC, customers of the 11 Discos are willing to pay appropriate rates for services rendered by the Discos but this willingness is conditioned on guaranteed hours of supply, quality of power and adequate metering.
Submit press release, news tips to us: tips@odunews.com | Follow us @ODUNewsNG
