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NERC: Power Discos Illegally Withholding Two-third of Monthly Revenue

The Nigerian Electricity Regulatory Commission (NERC) has responded to claims by the 11 electricity distribution companies (Discos) that its regulatory actions contributed to the current N809.8 billion revenue shortfall of the electricity market. Through their association – the Association of Nigerian Electricity Distributors (ANED), the...

NERC Fines Port Harcourt Disco N37.5m

The Nigerian Electricity Regulatory Commission has imposed a fine of N37.52m on the Port Harcourt Electricity Distribution Company over its failure to submit audited financial reports since 2013 when a new management came on board. NERC in its Directive 158 that was signed by its...

NERC to Discos: Disconnect All Persistent Electricity Debtors

  The Nigerian Electricity Regulatory Commission (NERC) has agreed that the 11 electricity Distribution companies (Discos) should massively disconnect ‘persistent’ debtors. This order came few days after the NERC issued a directive banning them from doing mass disconnection. The Discos, through their spokesman, Mr Sunday Oduntan,...