The Nigerian Electricity Regulatory Commission (NERC) has issued notice to the 11 Distribution Companies (DisCos), giving them till February 28, 2017 to deploy meters to all their Large Power Users (LPU).
Defaulters, it said will come under its sanctions from March 1st.
The Commission, in June...
An updated metering report in the power sector has said only 161,640 customers got meters between January and October 2016.
Most of the 11 electricity Distribution Companies (DisCos) may not attain their annual target of installing 100,000 meters this year due to foreign exchange crisis...
Should the lull in power supply persist, the sector’s revenue loss will be about N809.8 billion by next January, the Executive Secretary, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, has said.
Besides, payment for electricity bills has fallen substantially as only 35 per cent...
The monthly revenue remittances of the 11 electricity distribution companies (Discos) to the Nigerian electricity market have dropped further to 30 per cent from about 58 per cent that it was in the early part of the year, the Market Operations (MO) department of...
The Managing Director, Niger Delta Power Holding Company (NDPHC), Chiedu Ugbo yesterday lamented that the over N105 billion debt being owed the firm is affecting its operation.
He said other challenges bedeviling the firm, include low pace of work, vandalism of projects and the failure...
The Chief Executive Officer of Frontier Oil Limited, Mr. Dada Thomas, has warned that the nation’s power sector risks collapse, urging the Federal Government to act fast.
He stressed the need to address the problem of gas production as 80 per cent of current and...
