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The Nigerian Electricity Regulatory Commission, NERC, has approved over 50 per cent hike in electricity tariff payable by customers of the 11 Distribution Companies, DisCos.
This is coming just two months after it finally implemented a much opposed hike in November 2020.
According to a revised Multi Year Tariff Order (MYTO) signed by the new Chairman of NERC, Engr. Sanusi Garba, on December 30, 2020, and sighted Tuesday, the new tariff increase took effect on January 1, 2021, and supersedes the previous Order NERC/2028/2020.
This is effective till June 2021 while a Cost Reflective Tariff (CRT) expected to raise the new cost higher will be activated from June to December 2021, the NERC Order revealed.
Daily Trust had reported that in December, 2020, NERC notified that it had begun a review for another tariff, which has been completed and had taken effect from January 1, 2021.
[…] leadership of the organised labour has expressed disappointment by the recent 50% hike in electricity tariff as announced by Nigeria Electricity Regulatory […]