Tag: NERC

FG issues 13 new Power Generation, Distribution licences

Aminu Imam

The Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has issued 13 new licences for the generation of off-grid and embedded power, independent electricity distribution, as well as for the trading of electricity. The NERC said the new licences were issued in the third quarter of 2023, as the cumulative quantum of electricity to be generated by the licensees was 40.9 megawatts (MWs). Providing further explanation on the 13 new power generation, distribution and trading licences, the NERC in its report stated that Daybreak Power Solutions Limited received eight…

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NERC debunks Jan. 1 electricity tariffs hike rumours

Aminu Imam

The Nigerian Electricity Regulatory Commission (NERC) has officially dismissed the widespread rumours of an increase in electricity tariffs effective today, January 1st, 2024. Recall that reports emerged yesterday, that Nigeria’s electricity distribution companies (DisCos) are reportedly planning to hike electricity tariffs nationwide with effect from today, January 1. According to the report, “All has been perfected for the new tariff to take effect from the first of January, 2024”. Spokesperson of NERC, Usman Abba, categorically denied any approval for such a tariff hike, emphasising that the electricity tariff order currently…

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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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NERC launches app to monitor electricity tariff

Aminu Imam

The Nigeria Electricity Regulatory Commission, (NERC), has launched an app that aims to monitor the compliance of Electricity Distribution Companies (DisCos) with regulated tariffs. During the launch of the Power Outage Reporting System (PORS) App in Abuja, the chairman of NERC, Sanusi Garba, announced that the Abuja Electricity Distribution Company would serve as a pilot project for the app. He said that the app was designed for cross-working data for the purpose of Supply Based Tariff (SBT). “This particular app we are launching today is supposed to assist the commission…

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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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House of Representatives orders NERC to stop estimated billing in Nigeria

Aminu Imam

The House of Representatives has urged the Nigerian Electricity Regulatory Commission NERC to compel Distribution Companies (DisCos) to stop arbitrary billing of electricity consumers immediately. This followed the adoption of a Motion by Hon. Afuape Moruf, calling NERC to address challenges confronting electricity consumers. The House also urged the NERC to sanction the DisCos for the abysmal electricity supply to consumers, and work out modalities to compensate communities, individuals and other private and public entities for their investments in the distribution network. While leading the debate on the Motion, Hon.…

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“We will protect Nigerians from outrageous estimated billing” – NERC

Aminu Imam

The Nigerian Electricity Regulatory Commission, (NERC), has said that it is committed to protecting Nigerians from outrageous estimated billing. The Commission said this in an awareness video released via its social media platform recently. The awareness video addressed the use of energy caps which were created to protect unmetered customers from outrageous estimated billing. NERC said it has developed a methodology to determine monthly energy caps, which is the maximum amount of energy distribution companies (DisCos) can charge unmetered non-maximum demand (non-MD), customers, each month. According to NERC, the caps…

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Electricity Tariff Hike: As NERC, DisCos play hide and seek, Nigerians in panic bulk-energy buying

Aminu Imam

Confusing signals emanating from electricity distribution companies (DisCos) in the country and the Nigerian Electricity Regulatory Commission (NERC) are keeping electricity consumers on edge. Unsure of the conflicting signals from the regulator and the DisCos., many Nigerians are making panic bulk energy purchases. Recall that on June 22nd, the Abuja Electricity Distribution Company (AEDC) announced that there would be an upward review of the electricity tariff effective July 2023. The tariff increase, the company said, was influenced by the fluctuating exchange rate. The company also encouraged customers with prepaid meter…

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Hard times loom, as electricity tariff set to increase by over 40% from July 1

Aminu Imam

Nigerians may need to brace up for tougher times as electricity tariff is set to increase by over 40 percent from July 1, 2023. This rise follows the unification of the naira, which has led to the depreciation of the naira at the investor and exporter window. Recall that the Central Bank of Nigeria (CBN) recently made an announcement regarding the unification of all segments of Nigeria’s forex market, consolidating all windows into one. According to informed stakeholders, this new system will allow market forces, such as supply and demand,…

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Power supply to drop again, TCN alerts Nigerians

Aminu Imam

Power supply will drop by 50 megawatts on Wednesday, it was learnt. The Transmission Company of Nigeria, (TCN), in a statement on Monday, said the drop would be as a result of planned annual “preventive maintenance” on the line bay at Lekki Transmission Sub-station in Lagos. During the maintenance period, about 50MW will be interrupted, affecting the power supply to Lekki phase 1, Oniru, Elegushi, Waterfront, Igbo Efon, and Twenty-first Century Estate in Lagos State. “TCN regrets all inconvenience this might cause electricity consumers in the affected area”, the statement…

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