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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.

DisCos: Electricity market records over N1.4 trillion shortfall

Electricity Distribution Companies (DisCos) say the non review of the Multi-Year Tarrif Order (MYTO), since February 2016 had resulted in the accumulation of over N1.4trillion shortfall in the nation’s electricity market.

Electricity market records over N1.4 trillion shortfall – DisCos

Electricity Distribution Companies say the non-review of the Multi-Year Tarrif Order, since February 2016 had resulted in the accumulation of over N1.4trillion shortfall in the nation’s electricity market.

Power sector shortfall exceeds N1.4 trillion due to tariff

Owing to the non-review of the Multi Year Tariff Order (MYTO) since February 1, 2016, the shortfall of the Nigerian Electricity Supply Industry (NESI) has exceeded N1.4trillion.

GenCos accuse federal government of selling electricity to neighbouring countries on non-commercial terms

Electricity generation companies (Gencos) have accused the Nigerian Government of taking power from them and selling to countries in the West African region under the West African Power Pool (WAPP) on non- commercial but diplomatic terms.

Federal government urged to review power contract agreements

Some stakeholders in the power sector have urged the Federal Government to review the power contracts agreement with the owners of the distribution and generation companies.

GenCos threaten to shut down power plants

Joy Ogaji, executive secretary of the Association of Power Generation Companies (APGC), says the power firms might shut down plants over the inability of the Transmission Company of Nigeria (TCN) to transmit available volume of electricity generated into the national grid.

NERC: No plans to dump MYTO framework

Mrs. Vivian Mbonu, Head, Media Unit of Nigerian Electricity Regulatory Commission (NERC), on Tuesday reaffirmed that there were no plans to dump the Multi-Year Tariff Order (MYTO) framework.

NERC discards method for calculating electricity tariff

The Nigeria Electricity Regulatory Commission (NERC) has discarded the multi-year tariff order (MYTO) to cross check whether consumers are being cheated with the computation.

EEDC to distribute over 200, 000 prepaid metres

The Enugu Electricity Distribution Company (EEDC) says it has taken delivery of over 200,000 units of prepaid metres for distribution to its customers.

Fashola faults call for cancellation of power sector privatisation

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has faulted the call for the cancellation of privatisation of power sector.

Over 4m Nigerians yet to be metered – NERC

Out of about 7, 476, 886 electricity customers in the country, only 3.45 million have been metered while 4, 025. 611 are still unmetered, The Nigerian Electricity Regulatory Commission (NERC) on Wednesday said.

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