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Electric Power Sector Reform Act

The Ibadan Electricity Distribution Company, IBEDC, has appealed to its customers to go through the proper channel and avoid fraudulent activities in meter collection.

Electricity consumer group says it will oppose hike in tariff

A group, the All Electricity Consumers Protection Forum, said on Tuesday that it would oppose the proposed hike in electricity tariffs because it would further impoverish Nigerians.

Electricity tariff: Minor review order has no immediate impact on consumers – NERC

The Nigerian Electricity Regulatory Commission (NERC), says the minor review order released by the Commission on January 3 has no immediate impact on end-user tariffs.

Discos: We’ll enforce electricity tariff increase from April

Speaking through their umbrella body, Association of Nigerian Electricity Distributors, the Discos explained that the new tariffs ordered by the Nigerian Electricity Regulatory Commission would cater for revenue shortfalls in the sector.

Federal government to subsidise electricity cost pending new tariffs in April

The federal government will continue to subsidise the gap in electricity cost to consumers pending the adjustment in tariffs announced by the Nigerian Electricity Regulatory Commission (NERC) on Saturday.
The Ibadan Electricity Distribution Company, IBEDC, has appealed to its customers to go through the proper channel and avoid fraudulent activities in meter collection.

NERC denies increase in electricity tariff

The Nigerian Electricity Regulatory Commission (NERC) says no tariff increase has been approved by the commission yet.

Electricity consumer group opposes N1.2 trillion bailout for GenCos, DisCos

The Electricity Consumer Protection Forum on Monday opposed the request by power Generation Companies (Gencos) and Distribution Companies (DisCos) for N1.2 trillion bailout from the Federal Government (FG).

NERC gives DISCOs ultimatum to settle debts, address breaches

The Nigerian Electricity Regulatory Commission (NERC) on Wednesday served notices to eight electricity distribution companies (DISCOs) of its intention to revoke their operational licences if they fail within 60 days to remedy alleged ‘breaches of the terms and conditions of their power purchase agreements’.

NERC makes u-turn on electricity tariff hike

The Nigerian Electricity Regulatory Commission (NERC) appears to be at crossroads over its recent announcement on increase in electricity tariff across the eleven Electricity Distribution Companies (DisCos), as it has denied any such hike.
The Kaduna Electricity Distribution Company on Monday appealed to residents of Ibrahim Taiwo Road in Kaduna to bear with it over the power outage being experienced by the residents.

Power supply: Federal government urged to provide 40 percent funding stake to DISCOS

Some stakeholders in the power sector have called on the Federal Government to fulfill its 40 per cent funding to electricity distribution companies (DISCOS) to enable them function effectively.
The Ibadan Electricity Distribution Company, IBEDC, has appealed to its customers to go through the proper channel and avoid fraudulent activities in meter collection.

NERC: Electricity tariff increase has not been approved

The Nigerian Electricity Regulatory Commission (NERC) says no tariff increase has been approved by the commission yet.

Federal government gives conditions for electricity tariff hike

The Ministry of Power, Works and Housing has said an increase in electricity tariff can only be justified by widespread provision of meters and improved service delivery to customers.

Senate committee okays 10-year-jail term for theft of electricity cable, others

Senate Committee on Power, Steel Development and Metallurgy has recommended a jail term of 10 years, without an option of fine, if found guilty to have conspired, counselled or accepted to procure or to hold in custody, stolen parts, components or pieces of a public power equipment.
President Muhammadu Buhari says since 1978 when he was named the minister of petroleum till date, he has not lost interest in the oil sector.

SERAP: President Buhari, Atiku Abubakar, others should scrap security votes, immunity

Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to major presidential candidates for Nigeria’s February 16 election urging them to “publicly commit to revolutionary and innovative anti-corruption reforms in five key areas, such as security votes, power sector corruption, judicial corruption and removal of immunity for presidents, vice-presidents, state governors and deputy state governors.”

Federal government accuses DisCos, TCN of using substandard power equipment

The federal government has accused electricity distribution companies (Discos) and the Transmission Company of Nigeria (TCN) of using substandard equipment to execute power projects.

Ikeja Electric commences distribution of 850,000 prepaid meters

The management of Ikeja Electric says it has commenced distribution of over 850,000 prepaid meters to its consumers in its six business units in Lagos.

Nigeria’s sovereign wealth agency transfers $417.5 million to electricity bulk trader

The Nigeria Sovereign Investment Authority (NSIA) on Thursday said it paid about $417.46 million to the country’s electricity bulk trader, the Nigeria Bulk Energy Trading Company Plc (NBET).

DisCos: New power policy’ll raise tariff by 14 percent

The Eligible Customer policy introduced by the Federal Government in the power sector will lead to a 14 per cent increase in the electricity tariff payable by residential consumers across the country, power distribution companies have said.

DisCos, investors urge federal government to provide solution to N1.3 trillion electricity tariff gap

Electricity Distribution Companies and investors in the distribution chain have called on Federal Government to bridge the N1.3 trillion electricity tariff gap to enable DisCos meet their performance agreement with the government.

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