NERC Chair: We’ll deliver over 5000MW of Power
The Chairman of the Nigerian Electricity Regulatory Commission, Garba Sanusi, has state reasons why the commission’s 5,000 megawatts target is realistic and the feasibility of delivering improved power supply to electricity consumers.
This was revealed in an interview...
DisCos’ Payment To GenCos Drops By 50%
Electricity distribution companies (DisCos) payment to generation companies (GenCos) for electricity generation has dropped by 50 per cent.
The statistics showed that DisCos were unable to pay GenCos full payment for the quantity of power generated in January 2022.
As...
FG To DisCos: Resume Free Metre Distribution
The Federal Government has given instructions to electricity distribution companies to resume the Metre Assets Providers programme, recently slowed down by the National Mass Metering Programme.
Although the DisCos’ MAP has been in existence for some years, the NMMP...
Despite Unstable Power, Discos Generated N2.4trn
The Electricity Distribution Companies (Discos) raked in a total of N2.4 trillion as revenue between 2015 and 2020, the National Bureau of Statistics (NBS) has revealed.
According to the NBS, revenue generated by the DisCos in 2015 stood at N278.89...
Discos, Gencos, others’ Shortfall In Power Sector Rises To N1.6tn
The Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, revealed that the total shortfall in the Nigerian power sector has reached N1.6trn in eight years and that findings have shown...
NERC: No Hike In Electricity Tariffs
The Nigerian Electricity Regulatory Commission, NERC has clarified that reviews do not automatically translate into an increase in electricity tariffs.
The electricity market regulator made this known in a statement titled ‘Notice of Compliance in Respect of the Biannual Review...
