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NERC reverses electricity tariff hike, directs Discos to comply

NERC reverses electricity tariff hike, directs Discos to comply

 

The Nigerian Electricity Regulatory Commission (NERC) has reversed the electricity tariff hike imposed by the federal government, directing the 11 Electricity Distribution Companies (DISCOs) in the country to suspend the September 1 new tariff..

NERC issued the directive on Tuesday night, after the federal government reached an agreement with the organised Labour on the suspension of strike over the hike in electricity tariff and increase in pump price of petrol.

According to NERC, from September 28 to October 11, the DisCos will revert all charges to the tariff existing as of August 31.

This, it said, is to enable wider consultations between the Government and labour, with a view to reaching a compromise and resolution of the contending issues involved.

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