The Nigerian Electricity Regulatory Commission (NERC) says it has approved 42 meter assets providers (MAPs) for the 11 electricity distribution companies (DisCos) in the country. In 2018, the NERC introduced the MAP regulation to encourage new investments in the power sector, fast-track the roll-out of meters, and end the estimated billing regime. In 2019, the commission issued permits to meter asset providers to begin the [...]
Tag "NERC"
ON THE GO
When the next managing director of the Nigerian Bulk Electricity Trading Plc (NBET) assumes office, one of the knotty issues he will have to crack is the N13.5 billion claim by Sepco-Pacific Energy Co Ltd, owners of Omotosho and Olorunsogo power-generating plants. The controversy over the payment is believed by industry insiders to have contributed in no small measure to the [...]
The electricity distribution companies (DisCos) in the country says the 2021 target set for metering all customers is unrealistic. The Nigerian Electricity Regulatory Commission (NERC) had given the DisCos a target to close the metering gap by December 2021. In a statement on Sunday, Sunday Oduntan, executive director of research and advocacy, Association of Nigerian Electricity Distributors (ANED), said the high import [...]
The Nigerian Electricity Regulatory Commission (NERC) says international customers owe Nigeria N32.8 billion in electricity bills. Nigeria sells electricity to neighbouring countries like Benin Republic, Togo and Niger. According to the regulator's quarterly reports, Benin Republic and Niger were issued N42.4 billion invoice for the electricity purchased from Nigeria in 2019. The Beninois Electricity Community (CEB) and Nigerien Electricity Society (NIGELEC) did not [...]
The Nigerian Electricity Regulatory Commission (NERC) says it will sanction seven electricity distribution companies (DisCos) for not complying with orders to cap estimated bills to customers. In a statement distributed on its official Twitter handle on Tuesday, the commission said the DisCos have been given a 14-day ultimatum to explain why they should not be sanctioned. The Discos are Benin, Enugu, Eko, [...]
Data made available by the Nigerian Electricity Regulatory Commission (NERC) shows that electricity distribution companies distributed 22,825 meters to consumers in the fourth quarter of 2019. On a quarter on quarter basis, this is 72.76% less than the 83,768 distributed in the third quarter of 2019. According to the newly released 2019 fourth-quarter report, only 3.9 million of the registered 10.3 million subscribers have [...]
Electricity distribution companies (DisCos) have dragged the federal government to court over alleged undue interference in their business operations. The federal government holds 40 percent shares in the power firms. The suit, seen by TheCable, was filed at the federal high court in Abuja on May 14 by 10 DisCos. The applicants are Abuja, Ibadan, Eko, Ikeja, Kaduna, Kano, Jos, Benin, Enugu [...]
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 [...]
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 [...]
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 [...]
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 [...]
The Nigerian Electricity Regulatory Commission (NERC) says customers cannot transfer prepaid meters to another location once installed in an apartment. While clarifying issues surrounding the meter asset providers (MAPs), NERC said it is advisable for landlords to procure meters for their properties. The commission said any tenant who agrees to buy a prepaid meter for an apartment should work out a mode of compensation [...]
The Nigerian Electricity Regulatory Commission (NERC) has capped estimated billing issued by electricity distribution companies (DisCos) to unmetered customers. This is contained in a directive given on Monday by the regulator to repeal the former methodology for computing estimated billing. NERC issued a new order on the capping of estimated bills in the Nigerian electricity supply industry (NESI). The commission said the move [...]
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 [...]
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, [...]
Advertisement
