Apparently concerned by the growing complaints against the recently introduced electricity tariff plan by millions of electricity consumers, the Nigerian Electricity Regulatory Commission (NERC) on Friday maintained that electricity Distribution Companies (DisCos) must not increase tariffs of customers enjoying less than 12 hours power supply daily. The NERC Commissioner, Legal Licensing and Compliance, Mr. Dafe […]
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 […]
The Federal Government on Tuesday announced one-year deferment of the 35 percent import adjustment tax (levy) imposed on the fully built unit (FBU) electricity meters HSCode 9028.30.00.00 under the 2019 fiscal policy measures. The announcement was contained in a statement issued by Mr Abdullahi Tanko, the special adviser communication to the Minister of Finance, Budget […]
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 […]
Nigeria’s power sector regulator, the Nigerian Electricity Regulatory Commission (NERC) has flawed the position of the electricity distribution companies (Discos) on meter supply to consumers, saying the responsibility is that of the companies based on the provisions of the Meter Asset Provider (MAP) Regulations 2018. The commission, in a statement maintained that the DisCos’ role […]
One of the licensed meter manufacturing companies in the country, Momas Electricity Meter Manufacturing Company Ltd. (MEMMCOL), on Thursday urged the Central Bank of Nigeria (CBN) to create a credit line of single digit interest rate to meter manufacturers to support manufacturing entities’ current efforts to ensure adequate distribution of meters to electricity consumers nationwide. […]
The Nigerian Electricity Regulatory Commission (NERC) has reported that the major constraints experienced in the country’s electricity sector in the first quarter (Q1) of 2018, is due largely to gas supply shortfall to power generation companies (Gencos). In its just published Q1 2018 quarterly report of activities in the sector, the Commission stated that 74 […]
New research findings have indicated that current efforts by the Federal Government and private investors to develop the nation’s off-grid power alternatives will create a $9.2 billion market opportunity for mini-grids and solar home systems on yearly basis. This was part of the major findings contained in report of an independent research of the Nigerian […]
Despite sustained directives by the Federal Government to the 11 power distribution companies (DisCos) to bridge the meter supply gap in the power sector through new investments, latest report by the industry regulators indicate that there exists 58 percent gap in the industry demands. The latest report by the Nigerian Electricity Regulatory Commission on the […]
Abuja Electricity Distribution Company (AEDC) has commenced the installation of 222,728 meters in the Federal Capital Territory (FCT) Kogi, Nasarawa, Niger and Kogi states. The installation of 222,728 meters, which began at CITEC Estate in the FCT, is the second phase of the mass metering project of the company. It would be recalled that the […]