The Nigerian Electricity Regulatory Commission (NERC) has reported that Ibadan Electricity Distribution Company (IBEDC) topped the metering distribution chart as of June 30, 2022 with 828,061 metered customers, representing a 38.67% performance during the period under review It also disclosed that Ibadan DisCo was followed by the Ikeja DisCo, which recorded 686,705 metered customers with a […]
The Enugu Electricity Distribution Company (EEDC) on Thursday hinted of its plans to flag off the 2023 mobile mapping process for mass metering in Anambra on January 10 as part of its efforts to supply prepaid meters to un-metered customers in the state. The DisCo’s Head of Corporate Communications Department, Mr Emeka Ezeh, stated the […]
The Minister of Power, Engr. Abubakar Aliyu, has disclosed that the completion of the 1,650mw Makurdi Hydro Power Plant (MHPP) will not only address the energy shortfall in the country, but also mitigate flooding. The minister made this remark at the inauguration of the Project Steering Committee (PSC) for the concession of the Power Plant on Monday, […]
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday reported that total electricity generated in the country by the power generation plants in the third quarter of 2021 stood at 8.693 million Megawatts-hour (MWh), down from the quantum of generated electricity in the previous quarter. The commission gave this figure in its Third Quarter Report 2021 […]
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that electricity tariffs will from henceforth be reviewed every 6 months to adjust to foreign exchange (forex), inflation and other trends. The commission’s Chairman, Mr Sanusi Garba, who gave this hint in Abuja, recalled that the policy decision to stop the electricity subsidy was announced by the […]
The Bureau of Public Enterprises (BPE) has announced members of the interim management team for the crisis-ridden Abuja Electricity Distribution Company (AEDC) Plc. The members of the interim management team are, Interim Managing Director, Bada Akinwumi; Interim Chief Business Officer, Sani Usman; Interim Chief Finance Officer, Babajide Ibironke; Interim Chief Marketing Officer, Donald Etim; and […]
A group, the All Electricity Consumers Protection Forum (AECPF), has sued the Ikeja Electricity Distribution Company and the Eko Electricity Distribution Company for failing to implement the order capping estimated billing of some of their customers. The suit dated July 12, 2021 was filed before an Ikeja High Court. According to a news report by […]
Despite complaints by customers about the current tariff regime, the Federal Government has increased tariffs by about 50 percent for electricity consumers nationwide. The Nigerian Electricity Regulatory Commission (NERC) in its latest order copied all the distribution companies (Discos), stated that the upward hike in tariffs was necessitated by rising inflation rate, foreign exchange, generation […]
The Nigerian Electricity Regulatory Commission (NERC) has reported that its total revenue increased by 57 per cent in the first quarter of 2020. It attributed the improved revenue accruals to operating levies and Internally Generated Revenue (IGR) sources During the quarter, the power sector regulatory agency disclosed that its total expenditure rose to N1.94 billion, […]
Electricity generation companies (GenCos) in the country sold electricity worth N294.16bn between January and May this year to the Nigeria Bulk Electricity Trading Plc (NBET), the bulk purchaser of generated power, for subsequent sale to distribution companies (DisCos). By the power sector regulatory regime, NBET, which is owned by the government, purchases electricity in bulk […]