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FG targets 6500 megawatts power generation in six months
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Electricity subsidy hits N1.91tn in 11 months

The Federal Government’s electricity subsidy spending has risen to ₦1.91tn in the first 11 months of 2024, according to the Nigerian Electricity Regulatory Commission. Power distribution companies collected ₦1.23tn in revenue in the first nine months, surpassing 2023’s total of ₦1.08tn. Despite the removal of subsidies for Band A customers, analysis of the NERC’s data […]

NERC approves N21bn for free meters to Nigerians
News

Replace old meters for free, NERC orders DisCos

The Nigerian Electricity Regulatory Commission has ordered electricity distribution companies to replace outdated meters for customers at no cost. This was disclosed in a statement on Monday, by the regulatory body’s management. This follows the reports that some electricity companies have been asking customers to replace their Unistar prepaid meters. NERC emphasised that the responsibility […]

Electricity

Discos may be liable for power transmission repairs

The Nigerian Electricity Regulatory Commission is considering making power distribution companies responsible for the costs associated with repairing faulty transformers and replacing transmission infrastructure. It stated that this initiative aims to promote better management and accountability within the Discos, according to The Punch. Meanwhile, the CEO of the Association of Power Generation Companies, Joy Ogaji […]

News

NERC confirms national grid collapse following Jebba transformer explosion

The Nigerian Electricity Regulatory Commission has confirmed the collapse of the national grid, caused by an explosion at a current transformer in the Jebba transmission station. This incident, which occurred at 08:15 hours, led to the shutdown of the grid system, impacting 33 states and the Federal Capital Territory. NERC has assured Nigerians that efforts […]

News

NERC mandates 398MW embedded power for Discos to boost electricity

The Nigerian Electricity Regulatory Commission has mandated that Distribution Companies procure a minimum of 398MW of embedded generation to improve power supply reliability. Embedded generation involves power plants connected to a distribution network rather than the national grid. This directive, outlined in the September 2024 Supplementary Order to the Multi-Year Tariff Order 2024, requires each […]

News

NERC imposes N1.69bn fine on AEDC for overbilling customers

The Nigerian Electricity Regulatory Commission has imposed a fine of N1.69 billion on the Abuja Electricity Distribution Company for overbilling its customers from January to September 2023. This penalty results from AEDC’s non-compliance with NERC’s directive to cap estimated billing, according to Nairametrics. The fine, detailed in ‘Order NERC/2024/114,’ was issued on August 30, 2024, […]

News

Electricity DisCos rake in N150bn revenue in June – NERC

Electricity distribution companies in June 2024 collected N150.86 billion in revenues, achieving an 85.44% collection efficiency rate. This was disclosed in the fact sheet on electricity distribution companies’ performance in the month published by the Nigeria Electricity Regulatory Commission, according to Nairametrics. Ikeja led with the highest revenue at N30.06 billion and a billing efficiency […]

Electricity News

Monthly electricity subsidy surge 151% to N211bn – Report 

The electricity subsidy obligation of the Federal Government rose from N252.76bn to N633.30bn in the first quarter of 2024, according to Nigerian Electricity Regulatory Commission report. The NERC said the electricity subsidy increased significantly to N211.10bn per month in the first three months of 2024, from N84.25bn in the last quarter of 2023. According to […]

Electricity News

Nigerians don’t have ‘fundamental right to electricity’ – NERC

The Nigeria Energy Regulatory Commission has stated that energy usage is not a fundamental right that any Nigerian consumer may contest. The NERC’s legal team is opposing a suit that asked the Federal High Court Abuja to restrain it and the Abuja Electricity Distribution Company from implementing the multi-year tariff order 2024, which classified electricity […]

Power crisis worsens as National grid collapses again
News

Lagos court bars IKEDC, NERC from implementing tariff hike

The Federal High Court in Lagos has barred Ikeja Electric Plc and the Nigerian Electricity Regulatory Commission from applying, administering, and/or implementing the putative pricing outlined in the April 2024 Supplementary Order on pricing Increase on “Bank A” Feeders. The court ruled on Tuesday that the tariff included those released by Ikeja Electric on April […]

NERC approves N21bn for free meters to Nigerians
News

NERC approves N21bn for free meters to Nigerians

The Nigerian Electricity Regulatory Commission has sanctioned a substantial allocation of N21 billion for the eleven electricity Distribution Companies to provide meters at no cost to end-use customers. This announcement was made on Friday, June 21, and detailed in ORDER NO: NERC/2024/072, pertaining to the implementation of “Tranche A” of the Presidential Metering Initiative under […]

Electricity

Halt electricity tariff hike enforcement, Reps tell NERC

The House of Representatives has asked the Nigerian Electricity Regulatory Commission to refrain from introducing a new increment tariff in respect of Band A customers. This was disclosed during a plenary session on Tuesday by the lower chamber. According to them, the resolution followed the adoption of a motion of urgent public importance by Kama […]

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