Lagos - The 2015 elections has forced the federal government to put the new electricity tariff on hold.
The government is reluctant to implement the new tariff because of the backlash it could generate for the ruling party in the 2015 general elections, reports New Telegraph.
To assuage and save the new owners of the successor companies unbundled from the privatisation of Power Holding of Company of Nigeria (PHCN) from the ongoing massive revenue loss, the government is, however, planning a cash bailout for them.
The new tariff, which was supposed to have come into effect in June, was based on a formula approved by the Nigerian Electricity Regulating Commission (NERC).
Read more at New Telegraph.
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