FG Owing GenCos, DisCos N4trn, Power Minister Discloses The Minister of Power, Adebayo Adelabu, has disclosed that the federal government is owing electricity generation companies (GenCos) and electricity distribution companies (DisCos) over N4 trillion in electricity subsidy. The minister made the disclosure on Thursday in Abuja...

The Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has directed all electricity distribution companies to publish the refunds.

Manufacturers Push for DisCos Review Amidst Proposed Tariff Hike   The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to review the performance of electricity distribution companies in light of their investment in distribution infrastructure, following reports of a planned increase in electricity...

DisCos Pay TCN N137bn Amid Persistent Grid Collapses The 11 electricity distribution companies (DisCos) operating in the country paid a total of N137.06 billion to the Transmission Company of Nigeria (TCN) in the first nine months of 2024 as transmission and administrative charges, despite the...

DisCos Generate N466bn in Q3 as FG Shoulders N464bn Subsidy   The federal government incurred the sum of N464.12bn as subsidy payment in the electricity sector for the third quarter of 2024, a report by the Nigerian Electricity Regulatory Commission (NERC) showed. The report stated that the...

DisCos’ Revenue Collection Efficiency Drops by 4.76% in Q3 2024 The Nigerian Electricity Regulatory Commission (NERC) has reported a decline in the revenue collection efficiency of Distribution Companies (DisCos) for the third quarter of 2024. The efficiency rate decreased by 4.76 percentage points, dropping from 79.31%...