BEDC Spends N11bn to Purchase Energy from NBET Monthly, Says MD   The Managing Director/Chief Executive Officer, Benin Electricity Distribution Company (BEDC), Deolu Ijose, has revealed that the company needs the cooperation of electricity consumers in its franchise states to meet their demands as it gets...

Electricity: We Pay FG 40% Of $30m Monthly Invoice — Azura MD   The Managing Director of Azura-Edo Power Plant, Mr. Edu Okeke, has disclosed that 40 percent of the company’s monthly invoice of about $30 million to the Nigerian Bulk Electricity Trading Plc (NBET) goes...

In 2 Months, Power Firms Piled N62bn Energy Debt   The 11 Distribution Companies (DisCos) could not pay N62.167 billion of the N138.633bn worth of energy invoices they received for power generation in January and February 2022. And apart from Eko DisCo (in January) and Port Harcourt...

Gencos Put NBET Debts At N1.64trn, Counters Purchase Agreements Power generation companies on Sunday said the Nigerian market was under threat based on the recent claims by the Nigerian Bulk Electricity Trading Company Plc that only five Gencos had active Power Purchase Agreements in Nigeria. Speaking...

NERC Slams GenCos' N1.6tr Capacity Bill, Confirms New Tariff The chairman of the Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, has faulted the generation companies' claim of a N1.6 trillion capacity debt owed by the federal government, saying most of the companies lack a formal...

FG Says Discos’ Indebtedness Hits N326bn In Nine Months   The shortfall in remittances by power distributors to the Nigerian Bulk Electricity Trading Company Plc and the Market Operator of the sector rose to N326bn between January and September 2021, the Federal Government has said. Latest data...