Four northern states are currently experiencing power outages due loss of bulk power supply by the Kaduna Electricity Distribution Company. The affected states are Kaduna, Sokoto, Zamfara, and Kebbi. A statement by the Kaduna DisCo Head of Corporate Communications, Abdulazeez Abdullahi, confirmed the development on Sunday. According to Abdullahi, the power supply would be restored as soon as DisCo received …

Under the current arrangement, the Nigerian Bulk Electricity Trading Plc (NBET), procures power in bulk from Independent Power Producers (IPPs), and GenCos for resale to DisCos, eligible or international customers. Under the new regulation or order approved by the Nigerian Electricity Regulatory Commission (NERC), NBET that carries out the role of a “pool” administrator for the Nigerian electricity market, it …

The Nigerian Electricity Regulatory Commission (NERC), on Wednesday, released the 2024 electricity tariffs which showed that the Federal Government is to shoulder about N1.6 trillion subsidy this year to avert electricity tariff hike. In the tariff review applications of the 11 power distribution companies in Nigeria, the NERC revealed what it approved as their different cost-reflective tariffs and what was …

The Ministry of Finance Incorporated (MoFI) on Monday explained that its take-over of the 40 per cent Federal Government shares in the Electricity Distribution Companies, DISCOS, was in line with its mandate and to ensure efficiency in running those companies, as well as raise revenue for the government. In a statement, the organisation expressed gratitude to the Bureau of Public …

President Bola Tinubu, on Monday, issued a directive to the Ministry of Power to deal decisively with saboteurs working against the improvement of power supply and vandalising its facilities across the country. The Minister of Power, Mr. Bayo Adelabu, made disclosed this in Ibadan, the Oyo State capital while inspecting Ayede sub-regional station in Ibadan as part of his working …

The Transmission Company of Nigeria (TCN) said its maintenance crew has fixed the Jos-Lafia 330kV transmission lines, which it said had been redundant for some time. It was gathered that TCN on Saturday commenced what it called a ‘scheduled preventive maintenance’ on the Jos-Lafia 330kV transmission lines 1 and 2. The seven-hour scheduled preventive maintenance commenced today and it was …

In furtherance of President Bola Tinubu‘s Renewed Hope Agenda to provide adequate, reliable, and quality electricity to businesses and households in the country, the Federal Government on Thursday commissioned a 300KWp Solar PV pilot project in Kainji, Niger State. While commissioning the project, the Minister of Power, Chief Adebayo Adelabu said the project will primarily increase power generation capacity, lower …

The Nigerian Bulk Electricity Trading Company (NBET) will spend N450 billion as capital expenditure on power interventions this year, according to the 2024 federal budget. The agency intends to spend N454.81 billion with the additional sum budgeted for recurrent expenditure, which covers personnel costs (N2.44 billion), and other recurrent costs (N2.36 billion). The “other recurrent costs” include general travel and …

Power distribution companies, on Sunday, denied reports of electricity tariff hike beginning from today, 1 January 2024. They said the Nigerian Electricity Regulatory Commission (NERC) had not issued any directive for such. It was reported on Sunday that power distribution companies were planning to hike electricity tariffs from 1 January 2024, a development that was neither confirmed by the NERC …

Amid the push by power sector operators for the Federal Government to end subsidies on electricity tariff, it has emerged that over seven million customers remain without electricity meters in the power sector. Without meters, customers are unable to control energy consumption and are faced with estimated bills from electricity distribution companies (DisCos). Latest data from the Nigerian Electricity Regulatory …