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The National Electricity Regulatory Commission (NERC) has received a directive from the House of Representatives not to grant Discos’ request for an increase in electricity rates.
According to Lagos Reporters, the Green Chambers approved the motion on Thursday during a plenary session.
A proposal proposed by Sani Madaki, a Kano State-based member of the New Nigeria Peoples Party (NNPP), was adopted after the resolution was passed.
Recall that there were rumors that the rising cost of gasoline would cause a 40% increase in electricity costs. The 2022 Multi-Year Tariff Order (MYTO), which is due for a biannual review this month, was claimed to be a condition of the increase
