NERC suspends tariff for 2 weeks
The Nigerian Electricity Regulatory Commission, NERC, has suspended the increase in the Multi-Year Tariff Order, MYTO, 2020 for the Electricity Distribution licensees. The suspension took effect from September 28, 2020, and will become ineffective from October 11, 2020. The decision to suspend the MYTO followed a joint communique issued by the Federal Government of Nigeria and the labour unions, where the government agreed that the recent review in electricity tariffs would be suspended by the Commission for a period of 14 days to give room for further consultations and finalisation of negotiations between the parties. According to the NERC, the…
