The House of Representatives on Tuesday ordered the Nigerian Electricity Regulatory Commission (NERC) to suspend the operation of the recently announced tariff increase.
The House also called for the suspension of other conditions in the newly issued 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 organize a well-structured hearing on the price regulation of the Nigerian Electricity Supply Industry (NESI).
The hearing would be with the participation of the Minister of Power, Chairman and Commissioners of NERC, the chief executives of all electricity utilities in Nigeria, Presidents of the Nigeria Labour Congress and the Trade Union Congress (TUC), as well as leaders of chambers of commerce Nigeria.
The House resolved to appoint a well-regarded former regulator as a 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 Disco’s.”
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.
These resolutions followed the adoption of a motion of urgent importance moved by Hon Nkemkanma Kama.
Kama said the legislative motion on increase in electricity tariff seeks to address key issues surrounding the sudden hike in electricity prices in Nigeria.
