The Nigerian Electricity Regulatory Commission (NERC) has revealed that Saturday’s grid collapse was a result of a transformer explosion. For the third time in one week, the national grid collapsed again on Saturday with power generation going off around 8:16 am. NERC said it would shortly conduct an investigative public hearing to identify immediate and remote causes of recurring incidents …

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 …

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 …

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 …

None of the four international bilateral customers being supplied by the power generation companies in the Nigerian electricity supply industry made payment against the cumulative invoice of $14.19 million issued by the market operator for services rendered in the first quarter of 2024. The Nigerian Electricity Regulatory Commission (NERC) revealed this in a report. The foreign companies are Para-SBEE in …

The Nigerian Electricity Regulatory Commission (NERC) has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. According to a report by the …

The electricity Distribution Companies (DisCos) raked in a total of N575 billion in the first five months of 2024, as a result of tariff increment, according to Sunday PUNCH. Despite consistent complaints over poor power supply by consumers and high tariffs, the 11 DisCos had billed a total of N740.9 billion over the period under review. They were able to …

The Nigerian Electricity Regulatory Commission (NERC) has issued an order transferring regulatory oversight of the electricity market in Imo to the Imo State Electricity Regulatory Commission (ISERC), in compliance with the Electricity Act 2023. The order by the NERC Chairman, Sanusi Garba, and obtained by newsmen on Saturday, shall take effect from 1 July 2024. According to the NERC, the …

The Nigerian Electricity Regulatory Commission (NERC) has released a new tariff order for May 2024, which will see a reduction in electricity rates for consumers. NERC said this decision comes after a thorough review of the macroeconomic parameters and exchange rate appreciations, according to a statement by its management on Monday. This is coming after the Nigeria Labour Congress (NLC) and …