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31.10.20

New electricity tariff to resume next week, as approved by FG




The collection of Service-Based electricity Tariffs (SBT), has been approved by the federal government after sealing a deal with organised labour, it's resumption is from next week.

The government was forced to suspend the implementation of the new electricity tariff regime in September, following a threat of industrial unrest by the Nigeria Labour Congress (NLC), its affiliates and allies.
However, the Federal Government and organised labour have resolved that the tariffs for certain categories of power consumers should be reviewed downwards. So while the tariffs for customers in A and B bands were reduced by 10 per cent, the tariff for C band customers was reduced by 30 per cent. For customers in the D and E bands, their tariffs remain frozen, which implies that there is no increment.

Read more details at OprNews.
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