Tag: NERC

Electricity debt hits ₦6.5tr, jeopardising FG’s ₦1.2tr bond

Aminu Imam
Electricity debt

Nigeria’s power sector debt surged 62.5% to ₦6.5 trillion in 2025, while electricity generating companies (GenCos) received just 35% of billed ₦1.53tr, worsening the liquidity crisis. Experts warn the FG’s ₦1.23tr power bond is risky due to poor electricity distribution companies (DisCos) collections and unbacked subsidies, threatening investment and power supply growth. Recall that the Government had flagged off the funding program through the issuance of ₦590 billion Series-1 Power Sector Bond in mid-December 2025, as part of a plan to raise ₦1.23 trillion by the end of the first quarter…

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‘GenCos must link to national grid system by Dec. 31’ — NERC

Aminu Imam
NERC on tariff

The Nigerian Electricity Regulatory Commission, (NERC), has issued a new directive requiring all grid-connected Power Generation Companies (GenCos) to fully integrate their operations with the National Supervisory Control and Data Acquisition (SCADA) system by December 31. The directive is contained in a newly released regulatory framework titled: “Order on the Mandatory Integration of Grid-Connected Generating Units into the New SCADA/EMS for the Nigerian Electricity Supply Industry”. SCADA/Energy Management System serves as the central nervous system of grid operations—enabling automated controls, real-time fault detection, and live monitoring of power generation output.…

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‘4 States get full electricity regulatory oversight’ — NERC

Aminu Imam
NERC on electricity

The Nigerian Electricity Regulatory Commission, (NERC)  has completed the transfer of regulatory oversight to four States. The States are Enugu, Ekiti, Ondo, and Imo, which are now fully responsible for the regulation of their electricity markets. NERC made this known on its X handle yesterday, noting it has begun the transfer of regulatory oversight to 10 States as of 10th January 2025. According to the Commission: “As of January 10, 2025, NERC has commenced the transfer of regulatory oversight to 10 States. Once the transfers are complete, the States will…

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Electricity: Average Nigerian home gets only 7hrs supply daily Report

Aminu Imam
NBS on electricity

Says 85.2% of households still on estimated billing A new report by the National Bureau of Statistics (NBS), has revealed that the average Nigerian household gets less than seven hours (6.6 hours) per day of electricity. The NBS, which disclosed this in its report, titled: Nigeria Residential Energy Demand-side Survey Report 2024, published on its website,  85.2% of Nigerian households still rely on the estimated billing model for electricity tariffs. According to the report, only 14.8% of households use the prepaid billing system during the period under review. The survey,…

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National Grid to be handed over to Independent operators - FG

Aminu Imam
FG on National Grid

The Federal Government, through the Nigerian Electricity Regulatory Commission, (NERC), has said discussions are ongoing to transfer the management of the national grid to Independent System Operator, in line with the provisions of the Electricity Act 2023 to engender more discipline in its management. NERC also revealed that an explosion incident at the Jebba transmission station was the cause of the latest grid collapse which occurred early Saturday. According to the Commission, efforts to restore supply have progressed significantly, with power restored in 33 states and the Federal Capital Territory…

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Electricity: Tariff hike looms, as power subsidy hits N181bn

Aminu Imam
Edited in Prisma app with Oleander

Electricity customers on Band-A feeders may face a tariff increase as the Federal Government’s electricity subsidy rose to N181.63bn in September, up from N102.30bn in May. Recall that the Federal Government had removed subsidies for Band-A customers in April, raising tariffs to N225 per kilowatt-hour, prompting public outcry. Despite a temporary reduction in tariffs, the subsidy continued to rise, driven mainly by foreign exchange rates and inflation. The Nigerian Electricity Regulatory Commission (NERC) has indicated that further tariff adjustments may be needed unless power generation costs drop. According to data…

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MTN Nigeriaothers get permits to generate electricity

Aminu Imam
MTN to generate electricity

The Nigerian Electricity Regulatory Commission, (NERC), has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Ltd and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. According to a report by the Commission, Golden Penny Power Ltd got a licence to build six off-grid gas plants in Lagos, Oyo, Ogun, and Cross River States. The total capacity is 100MWs. Also, MTN Nigeria was granted…

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Just In! MTN, others get permits to generate electricity in Nigeria

Aminu Imam
MTN(0)

The Nigerian Electricity Regulatory Commission, (NERC), has issued permits to MTN Communications Nigeria Limited, Golden Penny Power Limited, Havenhill Synergy, and others for mini-grid electricity generation. According to the Commission, it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. The NERC said that the MTN was granted a permit to build four captive generation plants across Lagos State with 15.94MW capacity. Aside from MTN, SweetCo Foods Limited, African Steel Mills Nigeria Limited, West African…

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H/Reps. orders reversal of electricity tariff hike for Band-A customers

Aminu Imam
H'Reps orders reversal

The House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) and Distribution Companies (DisCos) to immediately reverse the recent electricity tariff hike for Band-A customers. This directive was given yesterday, after the adoption of a report by the House Committee on Power. The report recommended a return to the old tariff, citing the inability of Nigerians to afford the new rate. Recall that the NERC had announced a tariff hike, which would have seen Band-A customers pay N225 per kilowatt. However, the House of Representatives has now resolved…

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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 cant 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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