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
Power Minister, Adebayo Adelabu, assured Nigerians on Friday that the current high electricity tariffs are a temporary issue and will eventually decrease, akin to the trend seen in telecom tariffs in the country. Addressing criticism from consumers about recent tariff hikes and poor power supply, Adelabu expressed optimism about the future. “Though it seems costly … 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 Ibadan Electricity Distribution Company (IBEDC) has downgraded 27 feeder areas from Band A. IBEDC said the feeders formerly under Band A, have now been downgraded to Band B, C, D, or E. The electricity distribution company released the list of the downgraded feeders and their daily power supply in a Saturday statement. Band A … 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
Barely two days after the Nigerian Electricity Regulatory Commission (NERC) approved increase of electricity tariff for customers under the Band A classification, the Federal Government has hinted that a similar measure would be extended to others. Speaking at a briefing in Abuja on Friday, Minister of Power, Adebayo Adelabu, said the recent increase in 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