Tag: NERC

NERC Unbundles TCN, sets up new system operator

NERC Unbundles TCN, sets up new system operator   The Nigerian Electricity Regulatory Commission (NERC) has unbundled the Transmission Company of Nigeria (TCN) with the establishment of the Nigerian Independent System Operator of Nigeria Limited (NISO).     NERC made this known in an Order dated April 30, 2023 and[Read More…]

NERC says new tariff will reduce electricity subsidy by N1.14   Following the approval of new increased electricity tariff on Wednesday, the Nigerian Electricity Regulatory Commission (NERC) has said it is expected to reduce subsidy for the 2024 fiscal year by about N1.14 trillion.   In a statement on Wednesday,[Read More…]

FG increases electricity tariff by more than 300%

FG increases electricity tariff by more than 300% The Nigerian Electricity Regulatory Commission (NERC) has approved the increase of electricity tariff for customers under the Band A classification. At a press briefing in Abuja on Wednesday, NERC’s Vice Chairman, Musliu Oseni, said the increase will see customers pay N225 kilowatt[Read More…]