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Tag: NERC

Electricity

NERC hands over electricity regulation to Ondo govt

The Nigerian Electricity Regulatory Commission has transferred regulatory oversight of the electricity market in Ondo state to the state’s electricity regulatory bureau. This was disclosed by the NERC in a public notice noting that its actions were in line with the provisions of the Electricity Act of 2023. The commission pointed out that the commission […]

Electricity

Enugu takes over electricity regulation from NERC

NERC transfers regulatory oversight to Enugu State Electricity Regulatory Commission The National Electricity Regulatory Commission has issued an order to transfer the regulatory oversight of the electricity market in Enugu state from the commission to the Enugu State Electricity Regulatory Commission. This was disclosed in a statement by NERC in a post on its official […]

NERC makes N5.63bn in 2023 Q3
News

FG needs N3.2trn to reverse electricity tariff hike – NERC

The Federal Government of Nigeria will need to come up with the sum of N3.2trn in 2024 to reverse the recent hike in electricity tariff. This disclosure was made by the Chairman of the Nigeria Electricity Regulatory Commission, Sanusi Garba in Abuja at a stakeholders meeting convened by the House of Representatives Committee on Power, […]

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 featured

Electricity supply fails despite 231% tariff increase for band A consumers

In just less than a week after Nigeria’s Electricity Regulatory Commission increased the electricity tariff by 231 per cent for category A consumers, it appears that the electricity supply capacity is grossly inadequate to meet the 20 hours per day minimum benchmark for the new tariff while also taking customers in other categories into consideration. […]

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, […]

NERC considers increase of prepaid meters
Electricity featured

NERC considers increase of prepaid meters

Alex Omenye The Nigerian Electricity Regulatory Commission is contemplating another increase in the price of prepaid meters, responding to heightened production costs faced by manufacturers. According to reports, the regulator might allow market forces to determine meter costs instead of the current regulated pricing. Manufacturers have reportedly halted issuing invoices to Distribution Companies (Discos) 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 […]

News

333,947 Nigerians filed metering, billing complaints – NERC

  Bisola David The Federal Government has stated that power customers filed 333,947 complaints with their various distribution companies during a three-month period regarding metering, billing, and service interruption. According to The PUNCH, it was revealed in the Nigerian Electricity Regulatory Commission’s recent third quarter report, which stated that the complaints were submitted in the months […]

NERC makes N5.63bn in 2023 Q3
Electricity

Power firms may disconnect Ajaokuta Steel over N25bn debt – NERC

The Federal Government has been informed by power distribution companies via the Nigerian Power Regulatory Commission that its facility, Ajaokuta Steel Co. Ltd, may be disconnected from the national grid if its electricity bills totaling N25bn are not paid. The warning was contained in NERC annual reports made available to journalists on Monday, according to […]

NERC makes N5.63bn in 2023 Q3
Electricity

10 power distributors now active as 17 get licenses

The Federal Government said on Tuesday that 17 Independent Electricity Distribution Networks companies had received licenses, of which 10 are now in operation. The Punch reported that this information was revealed in the Nigeria Electricity Regulatory Commission’s report on market competition for 2022, which was made public on Tuesday. This information was disclosed by the […]

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