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FG suspends hike in electricity tariff for 2 weeks

The Federal Government has suspended the hike in electricity tariff for weeks.

Okay.ng understands that the FG during a crucial meeting in the early hours of Monday with the Organised Labour agreed to suspend the increase in electricity traffic with a joint committee headed by Minister of State, Labour & Employment, Festus Keyamo, to examine the justification for the new policy.

This was disclosed in the agreement shared with Okay.ng at the end of the meeting.

Part of the agreement reads: “The parties agreed to set up a Technical Committee comprising Ministries, Departments, Agencies, NLC and TUC, which will work for a duration of two (2) weeks effective Monday 28th September 2020, to examine:

  • the justifications for the new policy in view of the need for the validation of the basis for the new cost reflective tariff as a result of the conflicting information from the fields which appeared different from the data presented to justify the new policy by NERC;
  • metering deployment, challenges, timeline for massive roll-out.”

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