Ikeja Electric Plc says its tariffs will go up by 50 per cent beginning from April.
The Disco disclosed this in a letter to Nigerian Electricity Regulatory Commission dated February 12, 2020 on its performance and improvement plan and application for extraordinary tariff review of the Multi-Year Tariff Order 2015.
But following the public outcry that greeted the announcement, the House of Representatives asked the Federal Government to suspend the planned tariff upward review. It added that it had designed the tariffs based on the MYTO tariff model contained in a document, titled ‘Ikeja Disco Tariff Model January 2020’, which the commission shared with it.
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