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,...
Kaduna Electric Disconnects Kaduna State Government House Over Debt of N2.9 Billion
• No Payments for Electricity Consumed in Seven Months
In a dramatic move that underscores growing tensions between utility providers and state governments, Kaduna Electric has cut off electricity supply to the Kaduna State...
Power Subsidy Rises 151% to N211bn in Q1, 2024
The Nigerian Electricity Regulatory Commission has disclosed that the electricity subsidy obligation of the Federal Government rose from N252.76bn to N633.30bn in the first quarter of 2024.
The NERC report said the electricity subsidy skyrocketed to N211.10bn...
DisCos Remittance Rate Increases by 27.05% – Report
The Nigerian electricity market witnessed a significant improvement in remittance performance by Distribution Companies (DisCos) in the first quarter of 2024, a report released by the Nigerian Electricity Regulatory Commission (NERC), has said.
According to the report, DisCos...
