DisCos earn N247bn from customers – Report
Electricity distribution companies earned just N247.09 billion in income from the N359.38 billion billed to customers in the first quarter of 2023.…
Electricity
Electricity news and updates
NERC gives condition for DisCos to pay consumers
The Nigerian Electricity Regulatory Commission has made a case for electricity consumers who get poor service delivery from their Distribution Companies. …
Nigerian electricity market operators to assess performance
Nigerian electricity market operators on Tuesday, announced intentions to assess the performance of the Nigerian Electricity Supply Industry in the country. According to…
Increased meter access to attract investors to electricity sector – Expert
Increased meter access for energy consumers, according to management and strategic leadership expert, Biodun Ogunleye, will attract investors to the industry and significantly…
Nigeria loses $29bn annually to poor electricity supply – AfDB
The African Development Bank has stated that Nigeria loses $29 billion yearly owing to inadequate power supplies, while manufacturers in the country spend up…
Elektron energy, EKEDP partner to build Lagos power plant
Elektron Energy has invested $50 million in a 30-megawatt integrated natural gas-fired power station in Lagos, Nigeria, in collaboration with Eko Electricity…
IBEDC to upgrade prepaid meter
By Wilson Adekumola The Managing Director of Ibadan Electricity Distribution Company Plc. Mr Kingsley Achife, has announced upcoming upgrade of its…
Only 53% electricity capacity is utilized in Nigeria – NERC
The Nigerian Electricity Regulatory Commission has stated that just 53% of the country’s available electricity capacity is being used. According to The Guardian, this was…
Why FG can’t effect 40% increase electricity tariff – NLC
Kazeem Owoseni The President of the Nigerian Labour Congress, Joe Ajaero, on Friday stated that the Federal Government of Niageria…
Kwara electricity consumers owe over N50bn – IBEDC
By Wilson Adekumola The consumers in Kwara State was reportedly owing Ibadan Electriciry Distribution Company the sum of N50 billion naira.…
New electricity tariff to begin July 1 — Report
Electricity tariff is set to increase by over 40 per cent in the coming days, a development which may eventually end all…
TCN blames vandals for Ogun power outage
By Wilson Adekumola The General Manager Public Affairs of the Transmission Company of Nigeria, Ndidi Mbah has attributed the power outage…