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Multi Year Tariff Order

NERC may suspend planned electricity tariff hike amid virus outbreak

Following the current lockdown of economic activities and the many implications of the Corona Virus outbreak, there are indications that the Nigerian Electricity Regulatory Commission (NERC) may later on Tuesday announce the suspension of the proposed increase in electricity tariff expected to hike bills by over 50 per across the country.

Eko Disco to cover metering by March 2021

The Eko Electricity Distribution Company (EKEDC) will meter all the customers within its areas of coverage by March 2021.

New tariff: AEDC plans 330,000 meters, N43 billion network investment

The Abuja Electricity Distribution Company (AEDC) has assured customers of providing 330,000 meters this year and an investment of N43 billion in networks with the new tariff to boost electricity supply.
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 consumers oppose tariff increment by Ikeja Electric

Electricity consumers on Monday opposed the planned tariff increment by Ikeja Electric (IE), demanding that 90 per cent of customers should be metered before any upward review of tariff.

Ikeja Electric targets N170 billion revenue in 2020

Ikeja Electric (IE) Plc says it is targeting total revenue of N170 billion in 2020 with the implementation of the increment in various classes of electricity tariffs.
Power returned to much of Argentina and two neighboring countries following a massive blackout that left tens of millions in the dark on Sunday.

Discos, TCN demand another tariff hike

Power distribution companies and the Transmission Company of Nigeria Plc have applied to the Nigerian Electricity Regulatory Commission for a review of their tariffs.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Rights group asks court to stop electricity tariff increase

The Incorporated Trustees of Human Rights Foundation has asked the Federal High Court in Lagos to stop the proposed over 40 per cent increase in electricity tariff.

NERC: No immediate increase in electricity tariff

The Nigerian Electricity Regulatory Commission (NERC) on Monday denied the upward review in its Multi-Year Tariff (MYTO) dated 31st December 2019, as the Chairman, Prof. James Momoh said that there is no immediate tariff increase for customers.

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.

Nigerians to pay more for electricity consumption

The Nigerian Electricity Regulatory Commission has revealed that the electricity tariffs being paid by consumers will increase in April this year.
The Ibadan Electricity Distribution Company, IBEDC, has appealed to its customers to go through the proper channel and avoid fraudulent activities in meter collection.

Sic DisCos may evade NERC’s sanction after complying with remittance directive

The Nigerian Electricity Regulatory Commission (NERC) says six out of eight Power Distribution Companies (DisCos) have complied or substantially complied with the approved minimum remittance threshold in the Order for July to September 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’.

Electricity: DisCos are deceiving Nigerians – TCN

The Transmission Company of Nigeria (TCN) on Thursday took a swipe at the Association of Nigerian Electricity Distributors (ANED), saying the group was indulging in wholesale falsehood to deceive Nigerians.

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.

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.
Power

DisCos seek measures to drive power sector investment

Electricity Distribution Companies (DisCos) in Nigeria have called for the creation of an enabling environment to ensure cost recovery and further drive investments in the nation’s power sector.

DisCos may cede networks to third-party power distributors

Worried by the inability of the 11 distribution companies to distribute power to many consumers, the Nigerian Electricity Regulatory Commission (NERC) has said it is considering a new regulation to allow third-party investors take up and maintain parts of the vast electricity distribution networks currently owned by the Discos.

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IBEDC creates more customer care offices, pledges to improve service delivery

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