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Tag: Disco

Tarrif hike: DisCos sweat as manufacturers insist on old rates
featured News

Tarrif hike: DisCos sweat as manufacturers insist on old rates

Power distribution companies in Nigeria are facing billions in collection losses as manufacturers refuse to pay the newly approved tariff rates, opting instead to continue with the old rates. The Manufacturers Association of Nigeria has directed its members to maintain payments at the previous rate of N66/kWh until a resolution is reached on their petition […]

Customers oppose Discos' plan to recover prepaid meters
Electricity

Customers oppose Discos’ plan to recover prepaid meters

Customers of power distribution firms are unhappy with their attempts to reclaim prepaid meters for an update. According to The Punch, recently, the Ibadan Electricity Distribution Company notified its clients via Facebook that it will start collecting a set of pre-paid meters for upgrading. The Disco’s publication stated,  “Dear esteemed customers. Kindly be informed that […]

FG targets 6500 megawatts power generation in six months
Electricity

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. This is in accordance with the Nigerian Electricity Regulatory Commission’s Q1 2023 Electricity Report. This resulted in a collection efficiency for the highlighted time period of 68.75%, as per the NERC report. The report also […]

Why Nigeria needs 33,000MW for stable power supply – DisCos
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Why Nigeria needs 33,000MW for stable power supply – DisCos

The Association of Nigerian Electricity Distributors, has explained why the country needs to generate about 33,000 Megawatts to have stable electricity. According to The PUNCH, the Executive Director, Research and Advocacy, Mr Sunday Oduntan, during a stakeholders meeting in Yola, stated that the nation needs about 33,000 Megawatts to cover its ever increasing population. Oduntan […]

Electricity customers paid N210.17b in three months - NERC
Business

Yola Disco records highest losses amongst Discos – Report

The only electricity distribution company being controlled by the Federal Government, Yola Disco had the largest aggregate technical, commercial, and collection losses of 70% compared to the other 11 Discos.   This was from an industry report titled ‘Key Operational & Financial Data of NESI’ for 2019 to 2022″ accessed by The Punch.   According […]