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…]
The Nigerian Electricity Regulatory Commission (NERC) has transferred full regulatory oversight function to four states in the country. The commission, which made this known via its official X handle on Tuesday, listed the four states as Enugu, Ekiti, Ondo, and Imo. It said the states were now fully responsible[Read More…]
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 fines Abuja DisCo ₦200m for tariff order violation The Nigerian Electricity Regulatory Commission (NERC) has slammed Abuja Electricity Distribution Plc (AEDC) with a fine of ₦200 million for failing to adhere to its tariff guidelines, creating a stir among consumers and industry stakeholders alike. The fine comes in[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% 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…]
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…]
NERC says Electricity Subsidy costs Nigerian Govt N36bn in three months The Nigerian Electricity Regulation Commission (NERC) has said Federal Government paid a total of N36 billion to subsidise electricity consumption in the country in the first quarter of 2023. NERC stated this in its quarterly report, adding that[Read More…]
