The Nigerian Electricity Regulatory Commission, NERC, has descended hard on some Electricity Distribution Companies, DisCos over excessive billing of electricity consumers. Consequently, the regulatory agency has slammed Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola DisCos with a hefty fine of N628.03 million for non-compliance with its capping[Read More…]
Electricity consumers in the Federal Capital Territory (FCT) have kicked against the increase in prices of prepaid meters. The News Agency of Nigeria (NAN) reports that Electricity Distribution Companies (DisCos), announced the increase in the price of prepaid meters on their various official X handles, with[Read More…]
Electricity Firms Calls on FG to settle N100 billion debt Association of Nigerian Electricity Distributors, is calling on the Nigerian government to settle the N100 billion electricity outstanding debt that is being owed by the firm. Sunday Oduntan, Executive Director of the Association stated this in an interview with[Read More…]
FG to pay N1.6trn electricity subsidy in 2024, as NERC approves new tariffs for DisCos The Nigerian Electricity Regulatory Commission (NERC) has approved new electricity tariffs for the 11 distribution companies (DisCos) in the country, with effect from January 1, 2024. NERC’s chairman, Sanusi Garba, made this known on[Read More…]
FG probes extension of DisCos’ licenses …says privatisation not the right way to go The Minister of Power, Adebayo Adelabu, on Wednesday said privatisation was not the right way to go for the country, rather commercialisation would have been better. The minister, who stated this during an interactive session[Read More…]
Government hands over 374 power project to DisCos Over $1.2 billion has been spent on key distribution projects in the country as part of measures to improve power supply in the country, Niger Delta Power Holding Company Limited (NDPHC) has said. The fund was spent on over 374 projects[Read More…]
