The Nigerian Electricity Regulatory Commission (NERC) has announced the suspension of the planned increase in electricity tariff for end-use customers. The increase which was scheduled to commence on April 1st, will now take effect in July, this year.
NERC chairman James Momoh, in an order released on Tuesday, directed all distribution companies to submit a detailed plan for the attainment of full recovery of prudent costs and allowed return on capital revenue requirements by 30 June 2021.
NERC also directed the DisCos to submit revised Performance Improvement Plans based on the key objective of improvement in service for and use customers and transiting to full revenue recovery no later than 21 April 2020. According to the commission, the approved plans shall form the basis for future tariff reviews and full col recovery.