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Tag: discos

Electricity

DisCos’ revenue hits N509.84bn in Q4 2024 amid efficiency boost

The Nigerian Electricity Regulatory Commission reported that Electricity Distribution Companies collected N509.84 billion out of the N658.40 billion billed in Q4 2024. This represents a collection efficiency of 77.44%, an improvement from the previous quarter. This was disclosed in NERC’s 2024 Fourth Quarter Report, published on its website in Abuja on Tuesday. The Q4 2024 […]

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Discos hike meter prices, consumers kick

Power distribution companies in Nigeria have implemented a second price hike on various electricity meter models within just four months, sparking outrage among consumers. The new price increases have been met with strong opposition, with many describing the move as “wicked” amid the ongoing economic hardship faced by citizens nationwide. The latest hike comes as […]

NERC approves N21bn for free meters to Nigerians
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Again, Discos raise meter prices

Electricity Distribution Companies in Nigeria have announced a second price increase in four months for various electricity meter models. Starting from November 5, 2024, the cost of a single-phase meter will rise from around N117,000 to as much as N149,800, depending on the DisCo and meter supplier. This price hike follows the deregulation of Meter […]

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

Discos decry FG’s failure to pay electricity subsidies

Electricity distribution companies in Nigeria have expressed concerns that the Federal Government has not fulfilled its commitment to subsidize electricity costs for customers in Bands B to E. This was disclosed by the Executive Director of Research and Advocacy at the Association of Nigerian Electricity Distributors, Sunday Odunta, on Wednesday during an appearance on Arise […]

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Nationwide blackout persists as national grid collapses again

Nigeria’s national grid has experienced another collapse, leading to widespread blackouts just 24 hours after service was restored. Various distribution companies confirmed the grid failure occurred around 9 a.m. on Tuesday. According to DisCos, efforts to restore power are currently underway, but the recurring nature of these outages has heightened frustration among citizens and businesses […]

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

DisCos generates N887bn in revenue amid tariff hike

Nigeria’s electricity distribution companies have generated a total of N887.86 billion in revenue during the first seven months of 2024, driven by a tariff increase for Band A customers and enhanced revenue collection efforts, according to The Punch. Despite ongoing consumer complaints about poor power supply and high tariffs, the 11 Discos reported a significant […]

News

Discos generate N291bn in revenue as power sector crisis lingers

Electricity distribution companies in Nigeria made N291.62bn in the first quarter of 2024 despite widespread blackout in some parts of the country. was even as the nation lost 673 megawatts of power generation capacity due to gas shortages during the period, according to The Punch. The Nigerian Electricity Regulatory Commission reported in a stated that […]

News

FG exempts GenCos, DisCos, from withholding tax payment 

The Federal Government has designated all electrical companies, including generation and distribution companies (GenCos and DisCos), as free from paying withholding taxes in the country. This was disclosed in the new withholding tax regulation document signed by the Minister of Finance, Wale Edun obtained on Sunday, according to Nairametrics. The tax and fiscal policy committee, […]

News

DisCos struggle to satisfy Band A customers, other Bands neglected

Nigeria’s Electricity Regulatory Commission recently increased electricity tariff by 231 per cent for category A consumers. The new Multi-Year Tariff Order raised electricity rates for about two million customers from N68 per kilowatt to N255 per kilowatt. The NERC has ordered the 11 distribution companies to publish their list of customers in Band A, which […]

Electricity

Technical glitches hindering 20-hour power supply – DisCos

Some electricity distribution companies have continued to blame technical faults and other challenges for their inability to supply 20-hour power to customers on Band A feeders. The DisCos via their social media platforms had pleaded to the customers in Band A, calling for their understanding for their failure to meet the required minimum service level, […]

Tarrif hike: DisCos sweat as manufacturers insist on old rates
Electricity

Discos reject 1,769MW of power during nationwide outage

The most recent data on the daily load summary of power distribution companies show that, between February 1 and February 14, 2024, the businesses failed to deliver about 1,769.91 megawatts of electricity, despite the widespread blackout and the deteriorating status of Nigeria’s electrical supply. The PUNCH reported that, the Transmission Company of Nigeria provided data […]