Economy News Extra Latest News Power/Electricity

Electricity Consumers Accuse DisCos Of Sharp Practices On New Tariff

As the controversy over the adjusted electricity tariff regime continues to elicit reactions from consumers nationwide, most of the consumers have accused electricity distribution companies (DisCos) of fraudulent antics in the implementation of the recently adjusted tariffs. A news report by the News Agency of Nigeria (NAN) indicated that some consumers alleged that the electricity […]

Economy News Extra Latest News Power/Electricity Revenue

NERC Threatens To Revoke DISCOs’ Licences Over Regulatory Infractions

The Nigerian Electricity Regulatory Commission (NERC) has served notices to eight electricity distribution companies (DISCOs) on its intention to revoke their  licences if they failed within 60 days to correct ‘breaches of the terms and conditions of their power purchase agreements’. Specifically, the industry regulator accused the DISCOs of breaching the terms and conditions of […]