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NERC postpones TCN public hearing over scanty data

The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, postponed till Monday 16, March 2020, a Public Hearing on the on the application for the extraordinary tariff review for the Transmission Company of Nigeria (TCN).

NERC: Eko Disco records highest remittance efficiency in Q2

The Nigerian Electricity Regulation Commission (NERC), on Saturday, said Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 43.3 per cent in the second quarter of 2019.

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’.
Power

Power: GENCOs disagree with NBET over N2.7 billion gas payments invoices

Nationwide blackout is looming as the electricity Generation Companies, GENCOs, have threatened to declare force majure over moves by the Nigerian Bulk Electricity Trading, NBET, to unilaterally take over the responsibility for payment of gas and transportation from them.

NERC: Eko Disco records highest remittance efficiency in Q1

The Nigerian Electricity Regulation Commission (NERC) on says Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 43 per cent in the first quarter of 2019.

Central bank makes DisCos’ remittance condition for N600 billion disbursement

The Central Bank of Nigeria (CBN) has warned would-be beneficiaries of the N600billion power sector intervention fund that the disbursement of the fund will be based on the accountability system of distribution companies (DisCos) which is driven by their performance through revenue remittance.

Kano faces blackout as TCN threatens KEDCo with termination notice

Transmission Company of Nigeria (TCN) on Wednesday issued a notice of intent to terminate the operations of Kano Electricity Distribution Company (KEDCO).
Power returned to much of Argentina and two neighboring countries following a massive blackout that left tens of millions in the dark on Sunday.

Power generation dips to 2,970.3 MwH

The electricity generation companies (Gencos) said power generation which was 3,183.2megawatts (Mw) on Saturday dipped to 2,970.3Mw Sunday.

TCN to split, eyes $5 million digital power transmission control rooms

The Managing Director, Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed has announced process to split the company and will spend $5 million to digitise its substations’ control rooms nationwide.
Power

Federal government injects N600 billion into electricity market

The Market Operator of the Transmission Company of Nigeria (TCN), Engr. Edmund Ejie, on Wednesday disclosed that the Federal Government has approved N600billion for injection into the nation’s electricity market.

Blackout looms in parts of Kano as TCN suspends KEDCO

The Kano Electricity Distribution Company (KEDCO) on Sunday became the latest electricity distribution company to be affected by the gale of regulatory sanctions by the electricity market operator.

Federal government orders disconnection of three Discos from national grid

The Federal Government has ordered the disconnection of three electricity distribution companies (DisCos) from the national grid over “non-compliance with the conditions of market rules”.

Ikeja Disco moves to avoid TCN’s suspension from electricity market

The management of Ikeja Electricity Distribution PLC (IKEDC) on Friday said it has begun moves to get the Transmission Company of Nigeria (TCN) to rescind its order to suspend it from participation in the electricity market and disconnect some of its facilities from the national grid.

Federal government moves to cut off Enugu Disco, two others from national grid

The federal government has ordered the disconnection of three electricity distribution companies from the national grid over “non-compliance with the conditions of market rules”.
Nigerian Bulk Electricity Trading Plc

DisCos owe NBET N108 billion in three months

Despite an increase in their collection efficiency, the remittance by electricity distribution companies to the Nigerian Bulk Electricity Trading Plc for the energy received by them dropped to 27.5 per cent in the third quarter of 2018 from 31.5 per cent in the previous quarter.
Joy Ogaji

Official: GenCos yet to receive payment for electricity since June

The Association of Power Generation Companies (APGC) says power Generation Companies (GenCos) have not received payment for electricity generated since June 2018 from the Nigerian Bulk Electricity Trading PLC (NBET).

NERC: DisCos remit N51.6 billion market invoice in first quarter

The Nigerian Electricity Regulatory Commission has said that the eleven Electricity Distribution Companies remitted only N51.2billion of electricity invoice out of the total N163.1 billion they received in the first quarter of 2018.

Ajaokuta Steel, foreign customers owe power sector N12.2 billion

The Ajaokuta Steel Company and other international customers owe the power sector N12.2b, according to the 2018 first quarter report of the Nigerian Electricity Regulatory Corporation (NERC).

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