NERC Transfers Regulatory Oversight to Oyo The Nigerian Electricity Regulatory Commission (NERC) on Tuesday, August 6, announced the transfer of regulatory oversight of electricity market in Oyo State to the Oyo State Electricity Regulatory Commission (ISERC). This was contained in an order dated 5th August 2024,...

NERC Okays N756bn Investments For 11 Power Firms       The Nigerian Electricity Regulatory Commission (NERC) has approved N756.74 billion Capital Expenditure (CAPEX) for the 11 Distribution Companies (DisCos) for the next five years in their Performance Improvement Plan (PIP). The projected investment directives were requested for by...

44,068MW Stranded As Power Sector Loses N645.15bn         The cumulative revenue lost by the power sector in 2020 was N645.15bn, while the total quantum of electricity constrained during the period was 44,068 megawatts, investigation has shown. Constrained power is the quantum of electricity that could not be...

Tariff Increase: Discos Get 85% Collection Order       The Nigerian Electricity Regulatory Commission has directed power distribution companies to collect an average of about 85.84 per cent of the newly increased electricity tariffs from affected customers between September and December. It disclosed this in its latest orders...