The Nigerian Electricity Regulatory Commission (NERC) has reversed plans to effect the transition to a cost-reflective tariff on April 1.
Recall that in its December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020, the NERC disclosed its plan of effecting a switch to cost-reflective tariff. The move was expected to lead to an increase in electricity tariff. .
The Minister of Power, Mamman Sale has however disclosed that the Federal Government has agreed to delay the implementation of a new tariff plan in the Nigerian Power sector by 3 months. Sale disclosed that the decision was taken due to the Coronavirus pandemic and current economic reality of the Country.
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