Power distribution companies (Discos) failed to remit a total of N208.8 billion to the Nigeria Electricity Supply Industry in 2022, the Federal Government has said. Figures obtained on Sunday from the latest Fourth Quarter 2022 Report of the Nigerian Electricity Regulatory Commission, a Federal Government agency, as well as those from the First, Second and Third quarters showed that the …

The Nigerian Electricity Regulatory Commission (NERC) has given electricity distribution companies (DisCos) the powers to disconnect customers who fail to pay electricity bills after 12 working days. In its “Customer Protection Regulations 2023” released at the weekend, NERC said that DisCos cannot bill a customer for periods in which the customer is disconnected. It stated that DisCos must give a …

Vigeo Power Limited, the majority shareholders of Benin Electricity Distribution Company Plc (BEDC), has commenced contempt proceedings against the Bureau of Public Enterprise (BPE), describing the Federal Government agency as defaulters involved in the illegal takeover of BEDC. In a statement, the law firm of Kunle Adegoke (SAN), lawyers to Vigeo Power Limited, said the contempt proceedings had become imperative …

The Minister of Finance, Budget and Planning, Mrs Zainab Ahmed has lamented the N1.3 trillion electricity intervention fund provided by the Nigerian government did not make significant impact. Five years ago, the Federal Government approved N701 billion as a power assurance guarantee fund for the Nigerian Bulk Electricity Trader (NBET) to pay for two years the electricity produced by the …