News

Suspend new electricity tariff, Reps tell NERC

Suspend new electricity tariff, Reps tell NERC

The House of Representatives has asked the Nigerian Electricity Regulatory Commission (NERC) to suspend the implementation of the recently announced tariff increase.

The House also called for the suspension of other conditions in the newly issued review of the Multi-Year Tariff Order.

It went ahead to set up a special committee made up of the Committees on Power, Commerce, Delegated Legislation, and National Planning to organize a well-structured hearing on the price regulation of the Nigerian Electricity Supply Industry (NESI).

NERC had earlier this month announced the increase in the electricity tariff from 68kw/hr to 225kw/HR but explained that only electricity customers in Band A would be affected.

Trends Admin

Recent Posts

JUST IN: Seven die, many injured in Ibadan-Iseyin road crash

JUST IN: Seven die, many injured in Ibadan-Iseyin road crash No fewer than seven persons…

1 hour ago

No bail for Binance executive, court rules

No bail for Binance executive, court rules A federal high court in Abuja on Friday…

2 hours ago

FAAN begins sale of e-tags at airports

FAAN begins sale of e-tags at airports  The Federal Airport Authority of Nigeria (FAAN) on…

4 hours ago

Tinubu solicits Faye’s help in bringing Mali, Niger, Burkina Faso back to ECOWAS

Tinubu solicits Faye's help in bringing Mali, Niger, Burkina Faso back to ECOWAS  President Bola…

4 hours ago

Forcing naira to appreciate won’t work, Peterside tells FG

Forcing naira to appreciate won't work, Peterside tells FG Founder of Stanbic IBTC, Atedo Peterside,…

5 hours ago

Your pension funds safe, won’t be accessed illegally, FG tells workers

Your pension funds safe, won't be accessed illegally, FG tells workers Minister of Finance and…

7 hours ago