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Tag: NERC

NERC makes N5.63bn in 2023 Q3
Electricity

NERC increases price of electricity meters to 143k

The Nigerian Electricity Regulatory Commission has approved a price increase for prepaid power meters across the country. According to Daily Trust, the commission has issued updated tariffs for prepaid meters in a circular dated September 5, 2023, bearing the signatures of the Chairman, Sanusi Garba, and the Commissioner of Legal, Licencing, and Compliance, Dafe Akpeneye. The cost […]

Customers metres to be repaired in two days - NERC
News Tech

Customers metres to be repaired in two days – NERC

The Nigerian Electricity Regulation Commission has stated that customers who have malfunctioning electricity metres are entitled to a repair within two business days. Dr. Abdulkadir Shettima, NERC General Manager, Finance and Management Services, stated as much during a recent NERC Workshop for Civil Society Organisations and Consumer Advocacy Groups in Kano state. He was speaking […]

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 […]

FG targets 6500 megawatts power generation in six months
Electricity

Only 53% electricity capacity is utilized in Nigeria – NERC

The Nigerian Electricity Regulatory Commission has stated that just 53% of the country’s available electricity capacity is being used. According to The Guardian, this was announced on Wednesday by the Vice Chairman and Commissioner of Market, Competition, and Rates at NERC, Musiliu O. Oseni. Oseni made the announcement during his address to attendees at the NERC’s Stakeholder Workshop on […]

Unresolved customer complaints against DISCOs disheartening, says FCCPCC boss
News

NERC yet to give directive on electricity tariff hike – IBEDC

  By Wilson Adekumola The Ibadan Electricity Distribution Company has disclosed that Nigerian Electricity Regulation Commission has not given a directive on the new electricity tariff earlier scheduled to commence on July 1. The Public Relations Officer of IBEDC, Ms Busolami Tunwase, made this disclosure while speaking with the News Agency of Nigeria in Ibadan […]

FG owes N100bn electricity bill debt - Distributors
Electricity

New electricity tariff to begin July 1 — Report

Electricity tariff is set to increase by over 40 per cent in the coming days, a development which may eventually end all forms of energy subsidy in the country.   According to Guardian, the hike is expected to kick off from July 1, in spite of the government’s monthly subsidy of about N50 billion in […]

Electricity customers paid N210.17b in three months - NERC
Business

Yola Disco records highest losses amongst Discos – Report

The only electricity distribution company being controlled by the Federal Government, Yola Disco had the largest aggregate technical, commercial, and collection losses of 70% compared to the other 11 Discos.   This was from an industry report titled ‘Key Operational & Financial Data of NESI’ for 2019 to 2022″ accessed by The Punch.   According […]

Electricity customers paid N210.17b in three months - NERC
Electricity

Electricity customers paid N210.17b in three months – NERC

Power consumers paid N210.17 billion to distribution companies in the fourth quarter of 2021, according to the Nigerian Electricity Regulatory Commission. This was stated in its Quarterly Report for the Fourth Quarter of 2021, which was released on Thursday, noting that N210.17 billion represented 9.34 per cent of the total electricity bill paid by consumers […]

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