NERC Places Six Months Embargo on Electricity Tariff Hike for Domestic Consumers

Nigerian Electricity Regulatory Commission (NERC) has approved new electricity rates that are expected to start running from January 1, 2015 for Nigeria’s Electricity Supply Industry (NESI).

NERC however said the new electricity tariff which follows adjustments in some key factors that statutorily influence its review of the MYTO framework will not be applied to domestic consumers in the country for the next six months.

SOURCE: thisdaylive