FG provides ₦21bn for 11 DisCos to bridge metering gap

DisCos on metering

The Nigerian Electricity Regulatory Commission, (NERC), on Friday, provided N21 billion for 11 electricity distribution companies, (DisCos), to bridge the metering gap. The amount, which will come from the Meter Acquisition Fund, (MAF), would enable the utilities to address the huge metering gap in the Nigerian Electricity Supply Industry, (NESI). According to the breakdown, Ikeja Electric has highest share with N4.36 billion, followed by Abuja DisCo, N2.99 billion; Eko DisCo, N2.92 billion; Ibadan DisCo, N2.51 billion; Enugu DisCo, N1.72 billion; and Benin DisCo, N1.57 billion. Others are Kano DisCo, N1.56…

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Electricity: Dangote Refinery’s power-generation surpasses Nigeria’s 11yrs capacity growth

Dangote electricity

Ɗangote Refinery has exceeded Nigeria’s electricity generation growth over the past decade. While Nigeria’s grid added just 760 megawatts in eleven years, Ɗangote’s refinery quickly produced 1,500 megawatts (MWs) independently. Despite Nigeria’s potential to generate 13,000 MWs, its aging infrastructure currently delivers only 4,160 MWs on average, a modest increase from 3,400 MWs in 2013. UGC Data obtained from the Nigeria Electricity System Operator demonstrated that, as of June 12, 2024, the average generation of 4,160 MWs had increased by 22%, from an average of 3,400 MWs in November 2013…

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Policy Summersault: ‘Transfer of electricity regulatory oversight to States continues’ – FG  

Electricity

The Federal Government has back-tracked on halting the transfer of electricity regulatory oversight to State Governments. Minister of Power, Adebayo Adelabu, revealed the FG’s policy summersault at the two-day stakeholders workshop organised by the Nigerian Electricity Regulatory Commission, (NERC), in Lagos. The workshop on the implementation of the Electricity Act had in attendance the 36 State Commissioners of Energy and Power. The Minister’s statement comes a few days after he announced plans to halt the transfer of regulatory autonomy to States and conduct a test phase with a few States.…

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Electricity: ‘Most DisCos are insolvent” — NERC

NERC on DisCos

The Federal Government says that most of the electricity Distribution Companies (DisCos) in Nigeria are technically insolvent, as they are unable to meet their financial and operational obligations. Chairman of the Nigerian Electricity Regulatory Commission, (NERC), Engr. Sanusi Garba, made this known yesterday, while speaking at the 8th Africa Energy Market Place 2024, which was held in Abuja. According to Garba, the DisCos can’t pay for invoices sent to them from the electricity market and invest in network expansion projects. He stated that the appalling financial state of the DisCos…

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Electricity tariff hike: NLC, TUC threatens to shut down dams

NLC TUC

The Organised Labour in Niger State has threatened to shut down the hydropower dams in the state following the high electricity tariff. They issued the threat during a protest to the Abuja Electricity Distribution Company, AEDC, office following directives by the national body of Nigeria Labour Congress, (NLC). Addressing the protesters, the Chairman of NLC in the state, Idrees Lafene said the State reserves the right to enjoy 24-hour power supply at a lower cost. “This dam belongs to the people; that is why NLC and TUC have agreed that…

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Electricity workers demand withdrawal of new tariff

created by photogrid

The National Union of Electricity Employees, (NUEE), has asked the federal government to withdrawal the new increase of tariff, saying it will push the price of goods upwards and affect the poor. Recall that the Nigerian Electricity Regulatory Commission, (NERC), had, on April 3, increased electricity tariff for customers enjoying 20 hours of power supply daily, who are said to be under the ‘Band-A’ classification. With the tariff increase, these customers are paying N225 kilowatt per hour from the current N66. In a letter to the Minister of Power, NUEE…

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TCN announces full restoration of National Grid

TCN

The Transmission Company of Nigeria (TCN) announced the full restoration of the national grid following a fire incident at the Afam power generating station, which caused a partial disturbance of the National Grid. The TCN said, “At 02:41hrs today, 15th April 2024, a fire erupted at the Afam V 330kV bus bar coupler, leading to the tripping of units at Afam III and Afam VI. This resulted in a sudden generation loss of 25MW and 305MW respectively, destabilizing the grid and causing a partial collapse”. According to the General Manager,…

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Criticism mounts over electricity hike, as NEF, CNG, Reps’ caucus urge FG to rescind decision

Criticism has heightened across the nation’s landscape, as various stakeholders have rejected the recent decision by the Federal Government to increase electricity tariffs by about 300% amidst the current challenging economic realities caused by fuel subsidy removal and floating of the naira. Expressing its concern and disappointment on the recent decision by President Bola Tinubu’s administration over the electricity tariff increase, the Northern Elders Forum, (NEF), described the hike as a “reckless move” and a complete disregard for the well-being and welfare of the Nigerian people. In an issued statement…

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Electricity: Anxiety mounts over possible tariff hike, as FG raises gas price

The  Federal Government has, through the Nigerian Midstream Downstream Petroleum Regulatory Authority, (NMDPRA), announced an increase in the price of natural gas for some sectors, prompting fears that this may lead to a hike in electricity tariff. A statement from the NMDPRA and signed by its Chief Executive, Farouk Ahmed, the Authority, said the price of the commodity for power Generation Companies (Gencos) had now been raised from $2.18  per cubic feet to $2.42.  The statement indicated that for commercial gas, the price  had increased from $2.50 to $2.92 per cubic…

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Nigeria, Germany seal power deal to add 12,000MW to national grid

President Bola Ahmed Tinubu and German Chancellor, Olaf Scholz on Friday, in Dubai, United Arab Emirates (UAE), presided over the signing of the Presidential Power Initiative (PPI) agreement between Nigeria and Germany, in a bid to add 12,000 mega-watts (MWs) of electricity to Nigeria’s national grid. It was gathered that the agreement was signed on the sidelines of the United Nations Climate Conference (COP28) at the Expo City in Dubai, UAE. The Managing Director of the Federal Government of Nigeria Power Company, Kenny Anue, and the Managing Director (Africa) Siemens…

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