New electricity tariffs take effect.

Electricity Distribution Companies (DISCOS) yesterday resumed the implementation of revised electricity tariffs across the country.

The Nigerian Labour Congress(NLC) had threatened a nationwide strike over the renewed tariffs, siting the refusal of the government and DISCOS to consult stakeholders before fixing the tariffs.

The new tariffs in operation were agreed upon by a technical committee headed by Minister of State for Labour and Employment, Festus Keyamo, to review the initial tariffs which was to be implemented before organised Labour threatened a nationwide strike.

The intial tariffs pushed by DISCOS have now been slashed with discounts granted. Nigeria Electricity Regulatory Commission(NERC) Chairman Prof. James Momoh, stated that the NERC has approved a new Multi-Year Tariff Order(MYTO) review for the 11 DISCOS.

“We signed off on it yesterday(saturday). It has been done the way the people on the government side and the labour unions side agreed.

We have just written it in a very clear term so that the DISCOS will understand their responsibilities, and customers will gain access to it and know that this is the agreed position. They should know that this is the position signed-off yesterday (saturday) to take effect from November 1.”






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