Energy
NERC halts implementation of increased electricity tariff for two weeks
The Nigerian Electricity Regulatory Commission (NERC), has directed the 11 Electricity Distribution Companies (DISCOs) in Nigeria to suspend the September 1 tariff increase for two weeks.
NERC in the directive ordered the DISCOs to with immediate effect suspend the Multi-Year Tariff Order (MYTO) 2020 signed by Prof James Momoh, the NERC’s Chairman.
It was highlighted that the suspension followed a joint communiqué issued by the Federal Government and the Organised Labour after Sunday night negotiation in Abuja.
NERC in the order instructed the DisCos to halt the new tariff from Sept 28 to Oct 11 and revert all charges to the tariff existing as of Aug 31.
-
News6 days agoFRSC opens 2026 nationwide recruitment, online applications begin July 3
-
Entertainment1 week agoActress Cossy Ojiakor shares flooded home as heavy rainfall wreaks havoc in Lagos
-
Business4 days agoPressure mounts on marketers as Nigerians demand lower fuel prices amid falling global oil costs
-
Business6 days agoMRS slashes petrol price by N50/Litre as Dangote Refinery cuts fuel costs
-
Football7 days agoCAF rejects proposal to expand AFCON to 28 teams
-
Business4 days agoThe State House Statement: An Unquantifiable Reputational Damage to the Nigerian Financial Sector
-
Energy4 days agoNigerians turn to solar as rising diesel costs, unstable grid drive energy shift
-
Agribusiness4 days agoRising insecurity threatens Nigeria’s food supply as farming communities abandon farmlands