International bilateral electricity customers in Benin Republic and Togo owe Nigeria $5.79 million for the energy consumed in the second quarter of 2024. The Nigerian Electricity Regulatory Commission (NERC) revealed this in their latest second-quarter 2024 report analysed by PUNCH on Sunday. Out of the $15.6 million invoice issued by the market operator between April and June, the international customers …

Customers of Ikeja Electric, one of Nigeria’s leading utility companies, have expressed frustration over poor network connectivity, which has made it impossible for them to recharge their electricity meters for the past two days. In interviews conducted by Vanguard, several residents connected to Ikeja Electric reported persistent network issues, with all attempts to recharge proving unsuccessful, even though electricity supply …

The Minister of Power, Adebayo Adelabu, and the Minister of States for Petroleum Resources (Gas), Ekperikpe Ekpo, will lead other speakers to discuss the challenges facing electricity in Nigeria at the 2024 Nigeria Energy Leadership Summit. The summit, scheduled to be held between15 and 17 October in Lagos, will also feature the Managing Director/Chief Executive Officer of the Rural Electrification …

The management of the Ibadan Electricity Distribution Company has stressed its commitment to providing an uninterrupted power supply nationwide. The company stated that this would help improve the economic development of the nation as part of its contribution to celebrating Nigeria’s 64th independence anniversary. In a statement made available to PUNCH Online on Monday, the acting Managing Director of IBEDC, …

The Nigerian Electricity Regulatory Commission (NERC) has imposed a N1.69 billion fine on Abuja Electricity Distribution Company (AEDC) for overbilling customers. The penalty, documented in Order NERC/2024/114, was issued as part of the commission’s September 2024 Supplementary Order. The regulatory document, ORDER/NERC/2024/114, which was dated 30 August and by Vice Chairman Musiliu Oseni and Commissioner, Legal, Licensing and Compliance Dafe …

The House of Representatives Committee on Safety Standards and Regulations has identified lack of enforcement of laid down rules and regulations by regulatory agencies as the factor that enables and sustains vandalism, sabotage and other sharp practices bedeviling the nation’s power sector. Chairman of the committee, Rep Sulaiman Abubakar Gumi, stated this during a briefing to present the Nigeria Electricity …

The Minister of Power, Adebayo Adelabu, has announced that Nigeria is committed to achieving universal energy access by 2060, with a short-term target of attaining 30GW of grid energy supply by 2030. He disclosed this in a statement posted on the Ministry’s media platform on Thursday. Speaking at the China-Nigeria Economic Cooperation and Trade Conference in Beijing, China, Adelabu said, …

Nigeria’s power generation rose to a three-year high of 5,313 megawatts on Monday, the Federal Ministry of Power has declared. It declared this in a statement by the media aide to the power minister, Bolaji Tunji, adding that electricity distributors should ensure the distribution of the generated energy. “The national grid on Monday hit a record high of 5,313MW, a …

Efforts by the Federal Government to ramp up power generation seem to be suffering a setback following the refusal of the electricity distribution companies (DisCos) to off-take the power allocated to them. The Minister of Power, Adebayo Adelabu, decried the rejection of power by electricity distribution companies, describing it as regrettable. He disclosed this in a statement on Sunday. According …

The cost of a single-phase electricity meter has risen to over N130,000 from N88,000 in the first quarter of this year. This is the second time the Nigerian Electricity Regulatory Commission (NERC) would approve an increase in the prices of prepaid meters. According to Sunday PUNCH, the price of a single-phase meter ranged from N130,000 to N139,000, while a three-phase …