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07 January 2020

NERC backs down, says no immediate increase in electricity tariff

The Nigerian Electricity Regulatory Commission, NERC, has denied the upward review in its Multi-Year Tariff, MYTO dated thirty-first December 2019.

While addressing the issue, its Chairman, Professor James Momoh said that there was no immediate tariff increase for customers.

Although the Chairman insisted that the review was the main mandate that the
commission statutorily carried out every six months, the widely reported order, was only a review that was subject to public consultation.

Momoh stressed that the commission would engage the public on consultation in the next three months.

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