Buhari-NLC Deal: Suspend your new tariffs now, NERC tells DisCos
The Nigerian Electricity Regulatory Commission, NERC, says it has issued an order to power distribution companies to suspend the recent upward review of tariffs for 14 days in line with the agreement with the labour unions.
A meeting of government and labour on Sunday night resolved to suspend a planned nationwide strike after parties agreed on the suspension of recent hikes in power units. But the deal allowed petrol prices that were equally jerked up by the government around the same time to stand.
But the firms declined to immediately implement the reverse, saying on Monday that they were not ready to revert to old billing arrangements, Peoples Gazette reported.
James Momoh, NERC chief, said implementation of the suspension of power tariff hikes should have started on Monday, lasting until October 11.
Mr. Momoh said the existing regulatory framework required distributors to be fair to customers, while also guaranteeing a reasonable return on their investment in the sector. NERC, a government agency, could sanction firms that fail to operate within an agreed framework.
A spokesperson for Ikeji Electricity did not immediately return a request seeking comments about whether or not the company would comply with the suspension agreement this week.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Anti-Ruto Protest: Kenyan police say student shot dead, six wounded
A university student in Kenya was killed and six police officers injured in protests against President William Ruto’s government over high living costs, police said.
Fire guts lace fabrics shops in Onitsha market
An early morning fire razed a two-storey building housing the Onitsha main market police station and shops selling lace fabrics on Tuesday.
Terrorism Financing: Tukur Mamu pleads not guilty to 10-count charge
Mr Mamu was also accused of exchanging voice note communications concerning acts of terrorism with Baba Adamu, a Boko Haram spokesperson.
Abuja Blackout: AEDC says efforts ongoing to restore power to Bwari, others
AEDC revealed that “all responsible stakeholders are currently working hard to restore the power supply soonest.”
Gumi’s aide Tukur Mamu to be arraigned for terrorism Tuesday
President Muhammadu Buhari’s regime will Tuesday arraign Tukur Mamu, ex-terrorist negotiator, on a 10-count charge bordering on terrorism financing, among others.
Amazon to sack 9,000 workers in latest layoffs
The business stopped hiring in the fall of last year, and by November, it had fired about 10,000 workers. By early January, that number had risen to 18,000 people.