Tag: ELECTRICITY

Electricity: ‘Most DisCos are insolvent” — NERC

Aminu Imam
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

Aminu Imam
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

Aminu Imam
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

Aminu Imam
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

Aminu Imam

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

Aminu Imam

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

Aminu Imam

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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Electricity: “We’ll shield consumers from DisCos’ exploitation” – NERC

Aminu Imam

The National Electricity Regulatory Commis­sion, (NERC), has reiter­ated its commitment to improving service delivery to consumers and end all forms of exploitations through estimated billings. The Commission gave this as­surance, while inaugurating the Ado-Ekiti Forum Office , located at Iworoko road, in Ondo State. The NERC Vice-Chairman, Dr. Musiliu Oseni, said metering of homes was of great concern to the commission,adding that the administration of President Bola Tinubu would soon unveil a me­tering policy that would ensure mass metering of every house­hold in the country by electricity distribution companies. He…

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Grid collapse: Nationwide blackout, as electricity generation drops 93.5%, to 273MW

Aminu Imam

…‘Restoration is at advanced stages’ – TCN The nation’s power supply yesterday dropped by 93.5% to 273 megawatts, (MWs) in the early hours of yesterday, following a complete system collapse of the National Grid system operated by the Transmission Company of Nigeria (TCN), due to equipment failure in the sector. Data obtained from Nigeria Electricity System Operator, the semi-autonomous arm of the TCN, showed that Afam VI, Da?in-kowa, Ibom Power, Jebba, Olorunsogo stations generated 0.70MWs, 0.00MW, 32.90MWs, 240MWs and zero respectively According to reports, the grid plummeted to a meagre…

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NERC hikes price of pre-paid meters by 40%

Aminu Imam

The Nigerian Electricity Regulatory Commission, (NERC), has approved an upward price increase for prepaid electricity meters in the country by 40 percent. The Commission, which announced this in an order released, jointly signed by the Commission’s Chairman, Sanusi Garba, and its Commissioner, Legal, Licencing and Compliance, Dafe Akpeneye, stated that a single-phase meter would now cost N81, 975.16k from the previous price of N58, 661.69k, while the price of a three-phase meter was raised to N143,836.10k from N109,684.36k. NERC stressed that the increment was to ensure fair and reasonable pricing of…

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