Power distribution companies that are performing below stipulated standards in the Nigeria Electricity Supply Industry are going to lose 50 per cent of their operating expenditures, the Federal Government declared on Monday. It made the declaration through the Nigerian Electricity Regulatory Commission at the 1st NESI Stakeholders Meeting of 2024 in Lagos, stressing that the individual performances of the Discos …

The Nigerian Electricity Regulatory Commission (NERC), on Wednesday, released the 2024 electricity tariffs which showed that the Federal Government is to shoulder about N1.6 trillion subsidy this year to avert electricity tariff hike. In the tariff review applications of the 11 power distribution companies in Nigeria, the NERC revealed what it approved as their different cost-reflective tariffs and what was …

Power distribution companies, on Sunday, denied reports of electricity tariff hike beginning from today, 1 January 2024. They said the Nigerian Electricity Regulatory Commission (NERC) had not issued any directive for such. It was reported on Sunday that power distribution companies were planning to hike electricity tariffs from 1 January 2024, a development that was neither confirmed by the NERC …

Amid the push by power sector operators for the Federal Government to end subsidies on electricity tariff, it has emerged that over seven million customers remain without electricity meters in the power sector. Without meters, customers are unable to control energy consumption and are faced with estimated bills from electricity distribution companies (DisCos). Latest data from the Nigerian Electricity Regulatory …

The Nigerian Electricity Regulatory Commission (NERC), on Wednesday, said that the Federal Government paid a total of N135.23 billion to subsidise electricity consumption in the second quarter of 2023. This was made known in the commission’s Q2, 2023 report. NERC said that the N135.2 billion was spent by the FG to plug revenue generation shortfall in the power sector in …

Nigeria’s available power generation capacity has plunged by 2,324 megawatts due to deteriorating plants/units’ capacities and poor maintenance caused by liquidity challenges, among others, the Federal Government has said. It stated that though the country’s installed power generation capacity increased marginally, the quantum of available power crashed by over 2,300MW between 2015 and 2022. An analysis of the latest 2022 …

The Federal Government unveiled an application called the Power Outage Reporting System, which enables consumers to report electricity disruptions to distribution companies under monitoring by the Nigerian Electricity Regulatory Commission (NERC), on Monday. It unveiled the applications at the Abuja headquarters of NERC, using the Abuja Electricity Distribution Company (AEDC) as a test-run DisCo. The NERC Chairman, Sanusi Garba, said …

Electricity consumers nationwide are faced with the possible dilemma and risk of not being able to energise their pre-paid meters after the Nigerian Electricity Regulatory Commission (NERC) alerted on software expiration by November 2024. Though NERC said the pre-paid meters software would crash next year, some Electricity Distribution Companies, DisCos, have warned customers that they may not be able to …

The Senate has asked the Federal Government to, as a matter of urgency, intervene and halt the proposed increase in electricity tariff by the 11 Distribution Companies (Discos). It also stressed the need to allow ordinary Nigerians to breathe, insisting that anything that would bring untold hardship to the citizens would be rejected in all its ramifications. The upper legislative …

A massive rush by electricity consumers to recharge their accounts ahead of the alleged planned hike in tariffs has sent the various platforms of the Distribution Companies (DisCos) into a gridlock, according to reports from across the country. Although speculations had been put today as the beginning of the planned tariff regime, the DisCos said they were yet to receive …