Discos To Pay For Rejecting Electricity – NERC       The Nigerian Electricity Regulatory Commission has said the power distribution companies will be liable to capacity charge for failure to take their entire load allocation caused by constraints in their networks. NERC disclosed this in a document seen...

Electricity Consumers Seek Reversal Of Tariff Increase     A groundswell of opposition by electricity consumers, on Wednesday, trailed the commencement of a new electricity tariff regime by Electricity Distribution Companies (DisCos). Most of the aggrieved consumers under different categories of the newly hiked tariff, who spoke with...

DisCos Hike Electricity Rates As New Tariff Begins Tuesday     The power Distribution Companies (DisCos) are already hiking electricity rates despite the effects of the COVID-19 as a three-month tariff hike implementation begins on Tuesday. Tariff schedules of three DisCos seen by our correspondent on Monday night,...

Electricity: Banks To Ensure DISCOs Pay NBET, TCN Debts — CBN       Deposit Money Banks have been requested by Central Bank of Nigeria, CBN, to ensure that Electricity Distribution Companies, DISCOs, pay for consumed power they were provided guarantees. This is part of a renewed effort to...

DisCos Collected N442.6bn In 2018, Says NERC       The Nigerian Electricity Regulatory Commission (NERC) said the 11 Distribution Companies (DisCos) collected N442.6 billion in 2018. It was learnt at the weekend from a document which our correspondent obtained in Abuja: “The total billing to electricity consumers by...

Discos’ Debt To NBET Rises To N173bn     Power distribution companies in the country failed to remit a total of N173.35bn to the Nigerian Bulk Electricity Trading Plc for the electricity sold to them in the first four months of this year. The government-owned NBET buys electricity...