The Nigerian Electricity Regulatory Commission (NERC) has declared that electricity tariff will not be increased on April 1 contrary to reports in the some section of the media.
In a statement on Tuesday, the NERC said it has issued an order stopping increase in electricity tariff. “NERC has issued Order no- 198/2020 entitled ‘Order on the Transition to Cost Reflective Tariffs in NESI.’
“The order directs operators to submit a performance improvement plan (PIP) committing them to a higher quality of service.
NERC said it retains the existing tariff regime order 198/2020. “There shall be no increase in tariff of end-use customers on April 1, 2020. Performance Improvement Plan will form the basis for future tariff review.”
Order 198/2020 says, ‘There shall be no increase in tariff of end-use customers on April 1, 2020. Performance Improvement Plan will form the basis for future tariff review. For more on Order198/2020https://t.co/COvLD3gDSJ @MobilePunch @vanguardngrnews @AIT_Online @channelstvbiz
— NERC Nigeria (@NERCNG) March 31, 2020
More to follow…
