Abuja, April 30, 2024 – The House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) to suspend tits new tariffs.
The House gave the directive on Tuesday following the adoption of a motion of urgent importance moved by a member, Hon Nkemkanma Kama.
The House also called for the suspension of other conditions in the newly issues review of the Multi-Year Tariff Order.
It set up a special committee made up of the Committees on Power, Commerce, Delegated Legislation and National Planning to organise a hearing on the price regulation by the Nigerian Electricity Supply Industry (NESI).
The hearing will be held with the Minister of Power, Chairman and Commissioners of NERC, the chief executives of all electricity utilities in Nigeria, the trade unions Nas well leaders of chambers of commerce in attendance.
The House resolved to appoint a well-regarded former regulator as technical consultant to develop templates for determination of the “legality, reasonableness of the procedure adopted by NERC in approving the tariff increase and establishing the performance benchmarks for the Discos”. It also resolved to authorize the consultant to work with the special committee to draft a bill to provide for administrative procedures that that entrench proper consultation and legislative review of process for tariff setting in the electricity and other public services in Nigeria. (GBN)
