BPE Opposes Gencos, Discos’ Sale Reversal, Proposes Subsidy   The Bureau of Public Enterprises has opposed the reversal of the privatisation of the country’s power sector despite calls on government from different quarters to repossess the power generation and distribution companies. The bureau is also targeting the...

TCN, Discos Demand Another Tariff Hike     Power distribution companies and the Transmission Company of Nigeria Plc have applied to the Nigerian Electricity Regulatory Commission for a review of their tariffs. NERC, in a document seen by our correspondent, said the request for rate review was premised...

Discos Owe NBET N430bn In 11 Months   Power distribution companies (Discos) failed to pay a total of N429.87bn to the Nigerian Bulk Electricity Trading Plc for electricity sold to them from January to November last year. The government-owned NBET buys electricity in bulk from generation companies...

TCN Vows To Push For Discos’ Recapitalisation   Power distribution companies must be recapitalised for Nigeria’s power industry to work and the Transmission Company of Nigeria has vowed to push for the Discos’ recapitalisation this year. Speaking on some of the company’s targets for 2020 in the...

NERC Releases Minimum Remittance Payable By Discos   The Nigerian Electricity Regulatory Commission has released a new minimum market remittance threshold payable by the 11 power distribution companies operating across the country. Power distributors are the revenue collection agents of the sector, as they collect electricity tariffs...

Discos’ Yearly Revenue Collection Hits N466bn   Power distribution companies have set a new record of N466bn in their yearly revenue collection, the Association of Nigerian Electricity Distributors has said. ANED, which is the umbrella body for all the Discos, said the revenue collection rose by 10...