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 …

Quite sad (but not surprising) that it’s the ‘freezer’ comment that’s totally dominated the headlines from Saturday’s electricity press briefing. There was a lot more that was said, that’s useful to know, as background and basis for conversation and debate. If you want to know what else Minister Bayo Adelabu said, I took some notes – the comments below are …

The Nigerian Electricity Regulatory Commission (NERC) has given the 11 electricity distribution companies till 11th April to refund customers wrongly billed at the new rate. The commission’s Deputy General Manager of market Competition and Rates, Mr. Abba Terab, disclosed this in a document made available to journalists on Saturday in Lagos. NERC directed the DisCoS to refund the money the …

The Nigerian Electricity Regulatory Commission (NERC) has slapped Abuja Electricity Distribution Plc (AEDC) with a fine of N200 million for failing to adhere to its tariff guidelines, and creating a stir among consumers and industry stakeholders alike. The fine comes in the wake of the Supplementary Order to the Multi-Year Tariff Order for 2024, issued on Wednesday, which AEDC has …

The Nigerian Electricity Regulatory Commission (NERC), on Wednesday, approved an increase in electricity tariff for customers under the Band A classification. The Vice Chairman of NERC, Musliu Oseni, said the increase will see the customers paying N225 kilowatt per hour (KW/h) from the current N66. According to The PUNCH, customers under Band A are those who enjoy 20-24 hours of …