Just in: Reps order NERC to halt implementation of new electricity tariff

By Gift ChapiOdekina, AbujaThe House also called for the suspension of other conditions in the newly issued review of the Multi-Year Tariff Order.

The House resolved to appoint a well-regarded former regulator as a technical consultant to develop templates for determination of the “legality, reasonableness of the procedure adopted by NERC in approving the tariff increase and establishing the performance benchmarks for the Disco’s.” Kama said the legislative motion on increase in electricity tariff seeks to address key issues surrounding the sudden hike in electricity prices in Nigeria.

“This situation has not just sparked national anxiety, but it also threatens regulatory certainty and investor confidence in the sector, demanding immediate attention.” “Key issues highlighted include the failure of due process in approving the tariff increase, concerns over discriminatory practices, and the disputed nature of government subsidies to electricity distribution companies .

Meanwhile, yesterday, during a hearing at the Senate Committee on Power, Adebayo Adelabu, Minister of Power, defended the tariff hike by stating that the Federal Government could no longer afford to provide subsidies on power.

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