Discos’ Revenue Collection Rises To N473bn
The revenue collected by power distribution companies (Discos) in the county hit a new record high of N473bn in 2019.
The revenue collection in 2019 rose by N35bn or eight per cent, compared to that of 2018, a report obtained...
Discos Deny Getting Subsidy From FG
Electricity distribution companies, under the aegis of Association of National Electricity Distributors (ANED), has said they had not received any subsidy from the Federal Government since the privatisation of the power sector.
The Discos’s claim was a response to Power...
NERC Places Limits On Discos’ Estimated Billing
The Nigerian Electricity Regulatory Commission has placed limits on estimated bills that can be issued by electricity distribution companies to unmetered customers.
It said it had cancelled the Estimated Billing Methodology Regulation as a basis for computing the consumption...
Electricity: FG Threatens Discos, Says Subsidy Can’t Continue
The Federal Government said on Wednesday that it would not continue to subsidise the power sector.
It called on power distribution companies to improve on their financial and technical capacities to deliver or the government would intervene more...
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...
