Ikeja Electric (IE) says its electricity tariff will increase by 50 percent from April 1. This is contained in a memo on the company's performance improvement plan and application for extraordinary tariff review of MYTO submitted to the Nigerian Electricity Regulatory Commission (NERC). In January, the regulator announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order [...]
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The Nigerian Electricity Regulatory Commission (NERC) says the power sector recorded ₦1.72 trillion tariff-related revenue shortfall from 2015 to 2019. The commission said this in a newly released consultation paper on the proposed extra-ordinary tariff review of the MYTO-2015 tariff order for the Nigerian Electricity Supply Industry (NESI). NERC said the proposed tariff review in the sector is to ensure that electricity [...]
The power sector, on Monday, lost N1.707 billion as a result of insufficient gas supply, distribution and transmission infrastructure. This was disclosed in the daily energy report the advisory power team in the office of the vice-president released on Tuesday. The report said the dominant constraint on Monday was unavailability of gas. The electricity generation companies (GenCos), comprising gas-fired and hydro stations, [...]
The Nigerian Electricity Regulatory Commission (NERC) has asked customers to report any distribution company (DisCo) that forces them to buy electricity equipment. In a statement on Friday, Usman Abba-Arabi, NERC'S general manager for public affairs, accused the DisCos of forcing customers to pay for the equipment as a condition for getting electricity supply. The NERC spokesman said if the customers are [...]
James Momoh, chairman of the Nigerian Electricity Regulatory Commission (NERC), says he has a dream that Nigerians will enjoy uninterrupted electricity supply one day. This is coming less than five days after the national grid collapsed twice within two hours, causing blackout across the country. The Transmission Company of Nigeria (TCN) had said the frequent collapses of the grid cannot be totally avoided in [...]
The Enugu Electricity Distribution Company (EEDC) says from February 1, 2020, it will not accept cash payment for electricity bills above N3,000. In a statement on Wednesday, Emeka Ezeh, EEDC's head of communication, said the company is moving to the cashless policy in its bill collection. The Nigerian Electricity Regulatory Commission (NERC) had ordered electricity distribution companies (DisCos) to migrate their customers [...]
Sharfuddeen Mahmoud, general manager, Nigerian Electricity Regulatory Commission (NERC), says 50 percent of Nigerians now have meters. Speaking before the house of representatives committee on power on Tuesday, Mahmoud said he could not tell the exact figure of meters installed by each of the electricity distribution companies (DisCo) under the meter asset providers (MAPs) scheme. The commission had ordered the DisCos to [...]
The house of representatives committee on power has asked the National Electricity Regulatory Commission (NERC) to suspend the planned increase in electricity tariff. NERC had directed the electricity distribution companies (DisCos) to enforce an upward review of the tariff starting from April 1. But at its meeting in Abuja on Tuesday, Aliyu Magaji, the committee chairman, asked NERC to issue a directive [...]
Ndudi Elumelu, minority leader of the house of representatives, says the proposed increase of electricity tariff in the country is unacceptable. The Nigerian Electricity Regulatory Commission (NERC) had announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order (MRO). Following the directive from NERC, electricity distribution companies (DisCos) said from April 11, they will adjust their [...]
The Peoples Democratic Party (PDP) says the proposed increase in electricity tariff by the federal government will worsen the suffering of Nigerians. The Nigerian Electricity Regulatory Commission (NERC) announced a review of the multi-year tariff order (MYTO) 2015 and the minimum remittance order (MRO). From April, 11 electricity distribution companies (DisCos) will adjust their tariffs upwards. In a statement on Sunday, Kola [...]
Nigerians will now pay more for electricity as the Nigerian Electricity Regulatory Commission (NERC) has directed the 11 electricity distribution companies (DisCos) to increase their tariff from January 1. James Momoh, NERC chairman, and Dafe Akpeneye, its secretary, gave the directive in a memo sent to the DisCos. The commission had published the new tariffs for the different DisCos and categories of [...]
The federal government has ordered electricity distribution companies (DisCos) to adopt electronic platforms for the payment of energy bills across the country. The Nigerian Electricity Regulatory Commission (NERC) said the move is to reduce the aggregate technical, commercial and collection losses the DisCos are battling with. The commission asked the DisCos to leverage on available banking channels approved by the Central Bank [...]
The Nigerian Electricity Regulatory Commission (NERC) says at least three persons were electrocuted every week between April and June. NERC said this in its latest 2019 report. The commission said the health and safety practices of operators in the industry were on the decline. The regulator also said the safety of electricity providers and users in Nigeria remains one of its key priorities. "The [...]
Ikeja Electric (IE) has signed a bilateral agreement with residents of Ikeja government reserved area (GRA) to supply them 24-hour electricity. The electricity distribution company announced this on its Twitter page on Saturday. "Ikeja Electric signs bilateral Power Agreement with Ikeja GRA. ...Residents to enjoy up to 24 hours of supply daily," the company said. https://twitter.com/IkejaElectric/status/1182593399892992000?s=19 Some of the streets to enjoy this benefit include [...]
The Nigerian Electricity Regulatory Commission (NERC) has asked electricity distribution companies (DisCos) to disconnect government ministries, departments and agencies (MDAs) who are defaulting in the payment of energy bills. In a notice signed by Dafe Akpeneye, commissioner for legal, licensing and compliance, on Tuesday, the regulator said the responsibility of revenue collection from all customers including MDAs of states and federal [...]
The Nigerian Electricity Regulatory Commission (NERC) has threatened to withdraw the licences of eight electricity distribution companies (DisCos) over an alleged breach of market rules. In a notice signed by Dafe Akpeneye, commissioner for legal, licensing and compliance, on Tuesday, the regulator accused the DisCos of breaching the provisions of the electric power sector reform act (EPSRA). The affected companies were listed [...]
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