Tariff Will Grow By 14% With New Power Policy - Discos The Eligible Customer policy introduced by the Federal Government in the power sector will lead to a 14 per cent increase in the electricity tariff payable by residential consumers across the country, power distribution...

693 Abandoned Power Equipment Recovered at ports The Transmission Company of Nigeria (TCN), on Friday said that it had recovered more than 693 containers of power equipment abandoned at ports for about 15 years due to tariff. The Managing Director (MD) of TCN, Mr Usman Mohammed,...

Fashola Expending Taxpayers’ Funds On Unwarranted Projects – Discos   The confrontation between the power distribution companies and the Minister of Power, Works and Housing, Babatunde Fashola, continued on Sunday, with the Discos firing back at the minister, accusing him of expending taxpayers’ money on unwarranted...

Unused Electricity Volume May Rise by 2,130MW Nigeria’s total volume of unused electricity from national grid will rise by 2,130 megawatts (MW), to add to an existing 2000MW idle volumes that power distribution companies (Discos) are unable to take to homes and offices in the...

N1.02trn Power Bailout Funds fail to Lift sector The Federal Government has committed the sum of N1.023 trillion in bailouts in the form of low interest loans and grants to Nigeria’s power sector within the last three years yet the country is unable to witness...

FG Instructs NERC To Enforce Metering And End Estimated Billing   The Federal Government on Monday ordered the Nigerian Electricity Regularly Commission to enforce the contract mandating power distribution companies to provide meters to customers and eliminate estimated electricity bills in the power sector. It said the...