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Electricity Tariffs: NERC Postpones Effective Date Of New Tariffs To July, 2020

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The Nigerian Electricity Regulatory Commission (NERC) has postponed the effective date for commencement of new electricity tariff till July, 2020 as part of measures to cushion the effects of the COVID-19 pandemic in Nigeria.

“The 3-month delay in the implementation of tariff measures is consistent with His Excellency the President’s announcement on March 29th granting a moratorium for certain Federal Government funded facilities to the Nigerian Public”, said the Minister of power, Saleh Mamman in a statement Tuesday.

He implored the DISCOs to uphold these commitments including delay in tariff actions for 3-months to limit economic hardship on Nigerians in this difficult time; ongoing engagements with key players involved in the NESI to ensure sustainable power supply, among others.

“We are working with the CBN to ensure payments to the generators and gas suppliers through the Payment Assurance Facility (PAF) are expedited to support power supply.

“TCN is creating emergency measures to ensure staff will be available to monitor the grid and perform technical interventions”, he assured.

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