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NERC approved the minor review increase
- The increase has been condemned
- NERC dismissed rumours of a 50% increase
The Federal Government in a shocking move has reversed the tariff increment approved by the Nigerian Electricity Regulatory Commission (NERC). The Commission, following the Minor Review, approved a tariff increase in line with the provisions of the EPSRA 2005.
The Minister of Power, Sale Mamman on Thursday, directed all Distribution Companies (DisCos) to revert the tariffs back the previous tariff. The Minister stated that the decision was to allow the FG and Labour Committee to come to an amicable decision regarding the previous tariff increment. Recall the FG and Labour Unions have been engaging in discussions regarding the previous tariff increment.
“I have directed NERC to inform all DISCOs that they should revert to the tariffs that were applicable in December 2020 until the end of January 2021 when the FGN and Labour committee work will be concluded,” the Minister said. “This will allow for the outcome of all resolutions from the Committee to be implemented together”