Tag "NERC"

    DisCos ask court to stop FG’s forensic audit

DisCos ask court to stop FG’s forensic audit

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 [...]

1 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

1 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    NERC: Tenants should negotiate with landlords before purchasing prepaid meters

NERC: Tenants should negotiate with landlords before purchasing prepaid meters

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 [...]

1 comment Read Full Article
    NERC moves to end ‘crazy billing’ by DisCos

NERC moves to end ‘crazy billing’ by DisCos

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 [...]

0 comment Read Full Article
    Customers to pay more as Ikeja DisCo increases tariff by 50% from April

Customers to pay more as Ikeja DisCo increases tariff by 50% from April

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 [...]

0 comment Read Full Article
    NERC: Power sector recorded N1.7trn tariff shortfall in four years

NERC: Power sector recorded N1.7trn tariff shortfall in four years

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 [...]

0 comment Read Full Article
    How power sector ‘lost N1.7bn’ on Monday

How power sector ‘lost N1.7bn’ on Monday

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, [...]

0 comment Read Full Article
    NERC asks customers to report DisCos forcing them to buy transformers, cables

NERC asks customers to report DisCos forcing them to buy transformers, cables

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 [...]

1 comment Read Full Article
    NERC chairman: I have a dream that Nigerians will enjoy stable electricity one day

NERC chairman: I have a dream that Nigerians will enjoy stable electricity one day

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 [...]

0 comment Read Full Article
    Enugu DisCo: From February, we won’t accept cash for bills above N3,000

Enugu DisCo: From February, we won’t accept cash for bills above N3,000

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 [...]

0 comment Read Full Article
    NERC: 50% of Nigerians now have meters

NERC: 50% of Nigerians now have meters

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 [...]

0 comment Read Full Article
    Reps panel asks NERC to suspend electricity tariff increase

Reps panel asks NERC to suspend electricity tariff increase

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 [...]

0 comment Read Full Article
    Increase of electricity tariff unacceptable, says reps’ minority leader

Increase of electricity tariff unacceptable, says reps’ minority leader

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 [...]

0 comment Read Full Article
1 2 3 7
Advertisement
Advertisement
Advertisement

Advertisement
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement