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 […]
The Nigerian Electricity Management Services Agency (NEMSA) has assured electricity consumers using pre-paid meters that units already purchased will not be lost during the imminent upgrade of their meters nationwide. The Head Communication and Protocol Unit, Mrs. Ama Umoren, in a statement on Sunday attributed the assurance to the Managing Director of NEMSA, Mr. Tukur […]
The Energy Markets Rates and Consultants (EMRC), a team of independent consultants providing energy market, regulatory, techno-economic and financing advice for electricity, renewables and gas sector, has adduced several reasons for the subsisting metering gap in Nigeria, despite efforts by the government and its partners to close the gap through the National Mass Metering Programme […]
The Nigerian Electricity Regulatory Commission (NERC) has said that electricity customers with faulty meters have the right to have it fixed within two working days by their electricity distribution companies (DisCos). The commission’s General Manager, Finance and Management Services, Dr. Abdulkadir Shettima, made this disclosure in his paper presentation on Metering Issues at a recent […]
The Niger Delta Power Holding Company Limited (NDPHC), has disclosed that it spent over $1.2 billion in the projects and handed over them to the DisCos, with an understanding that the money would be refunded by the Discos. The company stated that the handed-over projects to the DisCos were part of the over 374 projects […]
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that the Federal Government subsidized electricity consumption by Nigerians with N2.8 trillion from 2015 to 2022. The commission gave these figures in its July 2023 report titled ‘Overview of the Nigeria Electricity Supply Industry’. According to the NERC the subsidy payment for the first months of this […]
President Bola Tinubu has signed the Electricity Bill, which was passed in July 2022, to repeal the Electricity and Power Sector Reform Act 2005. A source at the Presidential Villa, Abuja who gave this hint on Friday, said that the newly enacted Electricity Act would consolidate all legislations on the electricity supply industry by providing […]