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Tag: discos

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 […]

Discos failed to remit N208bn in 2022- FG
News

Discos failed to remit N208bn in 2022- FG

      The Federal Government has reported that in 2022, power distribution companies failed to remit N208.8bn to the Nigeria Electricity Supply Industry. The Nigerian Electricity Regulatory Commission’s Fourth Quarter 2022 Report, along with reports from the preceding quarters, indicate that the Discos failed to make full remittances during this period. The Discos refer […]

Electricity

How DisCos paid NBET N212bn in six months – Report

Electricity distribution companies otherwise known as DisCos, paid N212 billion of their total invoice to the Nigerian Bulk Electricity Trading Plc, between January and June 2022. According to the Nigerian Tribune, this is based on a total invoice value of N388 billion and a minimum remittance order of N315 billion. The report also stated that […]

Energy transition: Osinbajo meets Siemens officials
News

FG completes acquisition of four DisCos

The Federal Government has completed the acquisition of four energy distribution firms and established the board of the Nigeria Electricity Liability Management Company. Vice President Yemi Osinbajo, on Friday, said the newly constituted board of the Nigeria Electricity Liability Management Company would enhance ongoing efforts to resolve the liabilities relating to tariff shortfalls for power […]

Power generation dropped 43mw after worker's strike - FG
Energy

FG may suspend distribution of free four million meters

Phase 1 of the National Mass Metering Programme slated for distribution in August, funded by the Federal Government has been halted following allegations of fraud against some of the Meter Asset Providers by the Central Bank of Nigeria. An anonymous source told The PUNCH that power distribution companies were yet to be furnished with meters […]

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