Electricity tariff hike to wait as Lawan, Gbajabiamila intervene

The 100 per cent hike in electricity tariff slated to commence Wednesday has been put on hold.

This follows the National Assembly leadership’s intervention at a meeting with the Electricity Distribution Companies (DisCos), the National Electricity Regulatory Agency (NERC) and others in the power chain, Monday night.

The DisCos announced at the weekend that the tariff  pushed forward from April 1 would go up from July 1.

They served the notice to consumers through the media that the new pay system would affect them.

But consumers, business operators, manufacturers and others protested the planned increase which they argued would negatively impact business at a critical time such as this.

But the DisCos insisted that only a “cost-reflective” tariff could guarantee their survival to keep the power sector afloat.

Read the full story in The Nation

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