Outstanding Bill: DisCos Threaten to Disconnect Customers, Give Deadline
The Electricity Distribution Company (AEDC), has threatened to disconnect customers who fail to pay their outstanding bills, latest by June 3, 2024.
The threat is contained in a statement issued by the company on Friday.
According to the...
Power: Discos Rake in N5bn Revenue in 2024
The electricity distribution companies monthly revenue increased from N95bn in January to N100bn in March 2024 amid complaints of low power generation.
According to data released by the Nigerian Electricity Regulatory Commission, N97bn revenue was generated in February.
The...
DisCos Generate N1.1tn in 2023
The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained from the Nigerian Electricity Regulatory Commission on Wednesday showed.
An analysis...
Discos Rake in N1.1tn as FG Spent N629bn on Electricity Subsidy in One Year
The Nigerian Electricity Regulatory Commission data has revealed that the Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during...
$10bn Required Annually for Ten Years to Revive Power Section, Minister Says
The Federal government has emphasised that for the power sector to operate at peak performance, an annual investment of $10 billion is imperative, just as it also disclosed that the country would allocate...
FG Commences Restructuring of 11 DisCos – Power Minister
Power distribution companies in Nigeria are currently being unbundled along state lines due to their large sizes that often result in efficiency and ineffectiveness, the Federal Government declared on Monday.
It stated that the privatisation of the...
