The Federal Competition and Consumer Protection Commission (FCCPC) on Monday expressed support for the decision of the Nigerian Electricity Regulatory Commission (NERC) taken against 11 Electricity Distribution Companies (DisCos) for estimated bills capping non-compliance, calling for stricter penalties against DisCos. The NERC had last week imposed a N6 billion penalty on the 11 DisCos over […]
The Nigerian Electricity Regulatory Commission (NERC) has approved electricity tariffs hike, effective January 1 2024, following a review of the Multi Year Tariff Order (MYTO), in order to enable the 11 electricity distribution companies (DisCos) to sustain their operations nationwide. The Chairman of NERC, Sanusi Garba, who made this disclosure on Wednesday during a media […]
The Federal Government on Tuesday disclosed that it had issued 13 new licences for the generation of off-grid and embedded power, independent electricity distribution and trading of electricity. The disclosure, which was contained in the Nigerian Electricity Regulatory Commission (NERC) report listed the new licencees as Daybreak Power Solutions Limited, which was issued eight licences […]
The Nigerian Electricity Regulatory Commission (NERC) has hinted of its plans to sell the Kaduna Electricity Distribution Plc (KEDC), the sixth largest power distribution utility over a $130 million indebtedness. The Federal Government, through its Bureau of Public Enterprises (BPE), also owns 40% equity in the firm. A news report from Reuters indicated that the […]
The Nigerian Electricity Regulatory Commission (NERC), has bemoaned the lingering metering gap in view of the negative impact on electricity customers on estimated billing. To address the lingering challenge, the commission urged Electricity Distribution Companies (DisCos) to utilise any of the five meter financing frameworks provided in the 2021 Meter Asset Provider (MAP) and the […]
The Federal Government has hinted of its plans to unbundle the Transmission Company of Nigeria (TCN) as part of its sustained reform efforts in the power sector to boost electricity supply nationwide. The disclosure, which was made a day after the collapse of the power grid for the second time this year, indicated that the […]
The Nigerian Electricity Regulatory Commission (NERC) has reported that the Federal Government subsidized the cost of electricity consumed by users in the country with a total of N135.23 billion in the second quarter of this year. The second quarter’s electricity subsidy represented a 275% quarter-on-quarter increase over the N36.02 billion paid by the government in […]
The Nigerian Electricity Regulatory Commission (NERC) reported on Tuesday that electricity distribution companies (DisCos) recorded 95.21% market remittance in the second quarter of 2023, representing the highest remittance by them so far. The Commission, in its just published ‘Electricity on Demand; report, indicated that the combined upstream bill that DisCos were expected to pay totalled […]
The Nigerian Electricity Regulatory Commission (NERC) has directed meter asset providers (MAPs) to ensure that customers who already paid for meters before the latest hike of the prices should be supplied their meter without additional costs. The Commission stated this via its LinkedIn account on Wednesday, pointing out that “the order on the review of […]
Despite its promises for improved electricity supply at customer-friendly tariff and cost regime, the Nigerian Electricity Regulatory Commission (NERC) has approval an upward adjustment in the prices of prepaid electricity meters. The regulatory commission, in a circular dated September 5, 2023 and signed by its Chairman, Sanusi Garba, and the Commissioner of Legal, Licensing, and […]