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 …

The President of the Trade Union Congress (TUC), Comrade Festus Osifo, on Wednesday, said it was unethical for Nigerians to pay high electricity tariffs. The TUC also urged the Nigerian Electricity Regulatory Commission (NERC) to reverse the increase in electricity tariff within one week. During the 2024 Workers’ Day in Abuja, Osifo expressed dissatisfaction with the epileptic power situation in …

The Federal Government paid about N205 billion as electricity subsidy in the third quarter of last year, according to data obtained from the Nigerian Electricity Regulatory Commission (NERC), latest report. The commission’s third quarterly market report revealed that the government incurred a subsidy obligation of about N205 billion in 2023/Q3 (average of N68 billion per month), which is an increase …

When the National Electricity Regulatory Commission (NERC) announced what has been described as a hike in electricity tariff, there was bedlam in the land even before many Nigerians understood what was happening. But a close look at the press statement issued by the regulators showed that subsidy on electricity tariff is still largely intact. What NERC did in response to …