NERC Fines AEDC N1.69bn for Overbilling Customers The Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of N1.69bn on Abuja Electricity Distribution Company (AEDC) for overbilling customers. According to NERC, the fine is based on AEDC’s non-compliance with the commission’s previous order on capping estimated...

DisCos’ Revenue Rises by 40% to N433bn   Revenues earned by electricity Distribution Companies (Discos) in Nigeria in the second quarter of 2024, spanning April to June, rose almost 40 per cent to N433 billion during the period, on the back of the recent tariff increase...

Electricity Subsidy: Hospitals, Tertiary Institutions May Gulp N188bn   The Federal Government may spend approximately N188.25 billion annually to subsidise electricity supply for about 75 public tertiary hospitals and 300 educational institutions across the country. This follows the Federal Government’s approval of a 50 per cent subsidy...

Ajaokuta Steel Company Energy Debt Up N1.27bn, Risks Disconnection The moribund Ajaokuta Steel Company Limited risks being disconnected from the power grid over its failure to pay the N1.27bn electricity debt it incurred in the first three months of the year. Described as a special customer,...

Power: Togo, Benin Electricity Debt Rises $14m, Says FG The Nigerian Electricity Regulatory Commission revealed that none of the four international bilateral customers being supplied by the power generation companies in the Nigerian electricity supply industry made payment against the cumulative invoice of $14.19m issued...

NERC Transfers Regulatory Oversight to Oyo The Nigerian Electricity Regulatory Commission (NERC) on Tuesday, August 6, announced the transfer of regulatory oversight of electricity market in Oyo State to the Oyo State Electricity Regulatory Commission (ISERC). This was contained in an order dated 5th August 2024,...