Tag "Electricity"

    NERC reconstitutes electricity dispute resolution panel

NERC reconstitutes electricity dispute resolution panel

The Nigerian Electricity Regulatory Commission (NERC) has approved the reappointment of a twelve-member dispute resolution panel for the Nigerian Electricity Supply Industry (NESI). NESI is a coalition of stakeholders in the electricity supply chain consisting of the distribution companies and generating companies. In a statement on Monday, the commission said the reappointment is in line with market rules which provide for a [...]

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    Abuja DisCo to disconnect defaulting customers from May 12

Abuja DisCo to disconnect defaulting customers from May 12

The Abuja Electricity Distribution Company (AEDC) says it will start disconnecting defaulting customers from May 12. In a statement on Tuesday, the electricity distribution company (DisCo) said it will withdraw power supply to debtors in Kogi, Niger, Nasarawa and the federal capital territory (FCT), its coverage areas. The company said it supplied electricity to customers during the period of the COVID-19 total [...]

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    COVID-19: House of reps insists on two-month free electricity for Nigerians

COVID-19: House of reps insists on two-month free electricity for Nigerians

The house of representatives has insisted that the proposed free electricity for Nigerians be implemented to cushion the effect of the COVID-19 pandemic on citizens. The DisCos had announced that they were working with the federal government to provide free two-month electricity as palliative to Nigerians. But the Transmission Company of Nigeria (TCN) said such a proposal is not feasible. In a statement on Thursday, [...]

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    Eko DisCo asks customers to pay bills, says no decision yet on two-month free electricity

Eko DisCo asks customers to pay bills, says no decision yet on two-month free electricity

The Eko Electricity Distribution Company (EKEDC) says no decision has been reached on the proposed two months of free electricity for Nigerians. The electricity distribution companies (DisCos) had earlier said it was working to provide free electricity to Nigerians for two months to mitigate the hardship caused by the COVID-19 pandemic. The DisCos had said the proposed free electricity would be funded by the [...]

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    TCN: FG can’t provide free electricity — it’s propaganda

TCN: FG can’t provide free electricity — it’s propaganda

Usman Mohammed, managing director of the Transmission Company of Nigeria (TCN), says the federal government cannot provide free electricity to Nigerians. The TCN is owned by the federal government, while the distribution and generation sub-sectors are controlled by private investors. The DisCos had announced that they were working with the federal government to provide free two-month electricity as palliatives to cushion the [...]

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    COVID-19: FG installs solar units at four isolation centres for 24-hour electricity

COVID-19: FG installs solar units at four isolation centres for 24-hour electricity

The federal government has installed a 24-hour solar mini-grid power in four COVID-19 isolation centres across the country. In a statement on Thursday, Aaron Artimas, special adviser on media to Saleh Mamman, minister of power, said the solar system will provide clean, safe and reliable power to the isolation centres. Artimas said the units were installed at the University of Abuja Teaching [...]

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    DisCos: FG will pay for proposed two months free electricity

DisCos: FG will pay for proposed two months free electricity

The electricity distribution companies (DisCos) say the proposed free electricity for Nigerians will be funded by the federal government. On Wednesday, the DisCos had said they were working to provide free electricity to all Nigerians for two months to mitigate the hardship caused by the COVID-19 pandemic. Stating the modalities for the proposal, Sunday Oduntan (pictured), Association of Nigerian Electricity Distributors (ANED) executive [...]

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    COVID-19: DisCos ‘planning’ two-month free electricity for Nigerians

COVID-19: DisCos ‘planning’ two-month free electricity for Nigerians

The 11 electricity distribution companies (DisCos) in the country say they are working to provide free electricity to all Nigerians for two months. In a statement on Wednesday, Sunday Oduntan, spokesperson of the DisCos, said this is to mitigate the hardship of Nigerians during the coronavirus pandemic. The executive director of research and advocacy, Association of Nigerian Electricity Distributors (ANED), the [...]

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    GenCos: We’ll ramp up electricity generation during COVID-19 lockdown

GenCos: We’ll ramp up electricity generation during COVID-19 lockdown

Electricity generation companies in the country (GenCos) have promised to ensure adequate electricity during the COVID-19 pandemic. Joy Ogaji, executive secretary of Association of Power Generation Companies (APGC), on Wednesday, said GenCos are committed to improving power generation across the country. She said the GenCos have commenced talks with the federal government and other stakeholders to ensure that the thermal plants have [...]

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    NERC suspends electricity tariff increase over coronavirus

NERC suspends electricity tariff increase over coronavirus

The Nigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies (DisCos) in the country to suspend the proposed tariff increase. In January, the regulator had announced that there would be an upward review of electricity tariff across the country from April 1. But in a memo on Tuesday, the commission said the adverse effects of the coronavirus has affected global economy [...]

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    Power shortage persists as GenCos battle low gas supply

Power shortage persists as GenCos battle low gas supply

The Transmission Company of Nigeria (TCN) says the poor electricity supply in the country is as a result of the prevailing shortage of gas supply to power firms. On March 8, the transmission company had said the electricity supply challenge would be resolved in one week. However, in a statement on Monday the TCN noted that only three power generation companies (GenCos) [...]

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    NEC committee: DisCos indebted to the tune of N230bn

NEC committee: DisCos indebted to the tune of N230bn

The ad hoc committee of the national economic council (NEC) says distribution companies (DisCos) owe the electricity market N230 billion as a result of inefficient collection system and under remittance. This is contained in the committee's report submitted to the NEC presided over by Vice-President Yemi Osinbajo in Abuja on Thursday. The NEC had appointed Nasir el-Rufai, governor of Kaduna state, as head of [...]

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    Abuja DisCo on coronavirus: We’ll only attend to customers online

Abuja DisCo on coronavirus: We’ll only attend to customers online

The Abuja Electricity Distribution Company (AEDC) has asked its customers to pay their bills through electronic channels.  In a statement on Wednesday, Ernest Mupwaya, chief executive officer of the company, said the move is to ensure the safety of customer as a result of recent developments of the coronavirus (COVID-19) in the country. He said customers can only report electricity issues through calls, [...]

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    NERC: DisCos received 172,833 customer complaints in three months

NERC: DisCos received 172,833 customer complaints in three months

The eleven electricity distribution companies (DisCos) in the country received 172,833 complaints from consumers in three months. This is contained in the latest 2019 third-quarter report of the Nigerian Electricity Regulatory Commission (NERC). The commission said a majority of the complaints were centred around estimated billing, metering and service interruption. "During the third quarter of 2019, the eleven DisCos received a total of [...]

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    NERC: 59.7% of registered electricity customers still on estimated billing

NERC: 59.7% of registered electricity customers still on estimated billing

The Nigerian Electricity Regulatory Commission (NERC) says 5.8 million electricity users in the country are still on estimated billing. This is contained in the 2019 third-quarter report released by the commission. This figure represents 59.7% of the total registered electricity consumers in the country. According to the report, only Abuja and Benin DisCos had metered more than 50% of their registered electricity customers [...]

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    FG launches $200m renewable energy project ‘to light up 500,000 households’

FG launches $200m renewable energy project ‘to light up 500,000 households’

The federal government has launched the $200 million Nigeria Electrification Project (NEP) to provide off-grid energy to over 500,000 people across 105,000 households in rural communities across the country. The project, sourced from the African Development Bank (AfDB), was launched in Abuja, on Tuesday. The off-grid solution, which is expected to commence in the next five months,  will also provide clean and reliable energy [...]

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Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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