NERC Reveal Why DISCOs Recorded 40% Revenue Loss
The Nigeria Electricity Regulatory Commission (NERC) has urged Distribution Companies (DisCos) to make investments in infrastructure upgrades, modernise their metering systems and improve revenue collection methods, to ensure better efficiency and more revenue. This position was contained...
Frustration Mounts As Discos Consider 40% Electricity Tariffs Hike
Speculations of plans to raise electricity tariffs up by 40 percent barely a few weeks after the removal of the petrol subsidy have triggered anger among customers.
While it is mandatory for electricity distribution companies to regularly...
Discos Await NERC Approval, Backtrack on Tariff Hike
Power distribution companies, on Monday, backtracked on their earlier announcement of a tariff hike projected to take effect from July 1, 2023, as they stated that the Nigerian Electricity Regulatory Commission had yet to approve the hike.
Various...
FG Says Discos Failed To Remit N208bn In 2022
Power distribution companies failed to remit a total of N208.8bn to the Nigeria Electricity Supply Industry in 2022, the Federal Government has said.
Figures obtained on Sunday from the latest Fourth Quarter 2022 Report of the Nigerian...
Debt: FG Disconnects Discos From National Grid
Millions of electricity consumers may be plunged into darkness in the coming weeks as the Federal Government via the Transmission Company of Nigeria and the Market Operator have begun a massive disconnection of debtor electricity distribution companies (DisCos)...
DisCos Raked In N202.62bn Revenue In Q3, 2022
The National Bureau of Statistics (NBS) said the 11 electricity Distribution Companies (DisCos) collected N202.62 billion revenue in the third quarter of 2021 (Q3 2021).
It rose by 7.54 per cent from the N188.11 billion collected in the...
