The Federal Government of Nigeria has successfully secured a $500 million loan from the World Bank aimed at enhancing the performance of electricity Distribution Companies (DisCos). This was disclosed in a press release from the Bureau of Public Enterprises (BPE) by Amina Othman, Head of Public Communication. Approved on February 4, 2021, by the World … Read more
The Transmission Company of Nigeria (TCN), on Saturday, in Benin, said that there would be a power outage in its Amukpe substation for two weeks. This is according to a statement signed by the General Manager, Public Affairs of TCN, Ndidi Mbah. Mbah said the disruption would begin on May 4 and last till May … Read more
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). The company disclosed this in an order signed by its Chairman, Mr Sanusi Garba and Mr Muslim Oseni, Vice Chairman in Abuja on Saturday. According to the order, … Read more
The Federal Competition and Consumer Protection Commission (FCCPC) has called on the Nigerian Electricity Regulatory Commission (NERC) not to allow Distribution Companies (DisCos) to migrate unmetered consumers to a higher tariff band. The FCCPC, which commended the decision of NERC to impose N200 million fine on Abuja Electricity Distribution Company (AEDC) for infractions in the … Read more
The Nigerian Electricity Regulatory Commission (NERC) has given 11 electricity distribution companies till April 11, 2024, to refund customers wrongly billed at the new tariff rate. This was contained in a document signed by Mr Abba Terab, the DGM, Market Competition and Rates for the commission and made available on Saturday in Lagos. The refund, … Read more
The Nigerian Electricity Regulatory Commission, NERC, has approved 481 Band A areas for the purpose of implementing the new tariff. Documents obtained from the regulator indicated that the Abuja Electricity Distribution Company, AEDC, emerged the highest with 107. Yola Electricity Distribution Company, YEDC, has 15, apparently the least. A breakdown indicated that the Ikeja Electricity … Read more
The Nigerian Electricity Regulatory Commission (NERC), has imposed sanctions on the Abuja Electricity Distribution Company (AEDC) for wrongly applying the new electricity tariffs on some residents of the Nigerian capital. The sanctions include a N200 million fine and a directive that the wrongly billed customers should be appropriately refunded. The sanctions were announced in a … Read more
The Nigerian Electricity Regulatory Commission (NERC) has ordered all distribution companies (DisCos) to automatically downgrade any Band A feeder that does not enjoy the minimum requirement of 20 hours per day power supply for seven consecutive days. This order formed part of the Service Delivery Commitments for every DisCo in line with the Supplementary Order … Read more