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Tag: discos

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 […]

Kano Disco's $200m funding to benefit 25m Nigerians
Electricity

Kano Disco’s $200m funding to benefit 25m Nigerians

Kano Electricity Distribution Company is seeking $200 million in investment to modernize its infrastructure and modify electricity distribution for an estimated 25 million Nigerians. According to Businessday, Kano Electric is partnering with a Mauritius-based firm, BlackAion Capital, to re-capitalize the network and specifically work on the $200 million fundraise for the interconnected mini-grids and embedded generation projects in […]

FG targets 6500 megawatts power generation in six months
Electricity

NERC threatens Discos with fines for refusing to accept power

Despite the widespread blackout in Nigeria, the Nigerian Electricity Regulatory Commission has expressed worry over electricity load rejection by power distribution companies. According to The Punch, it vowed to take appropriate regulatory action against Discos that failed to reach the major performance criteria for energy offtake, emphasizing the growing gap between available power capacity and […]

Nigerians spent N509.84bn on electricity in Q4 2024 - NERC
Electricity

Why new tenants must notify DisCos of unpaid electricity bill – EMRC

The Energy Markets and Rates Consultants Limited has emphasized the significance of energy customers carrying out specific obligations in order to improve efficiency within the Nigerian energy Supply Chain. According to The Times, before moving into a leased property, they emphasized that one important responsibility is alerting their separate distribution companies about any unpaid electrical bills. This […]

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 […]

NERC makes N5.63bn in 2023 Q3
Electricity

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.   It said that electricity consumers can get compensation for poor service delivery when the distribution company they are connected to fails to provide 90 per cent of electricity hours due to them in […]

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