International Electricity Consumers Fail to Remit $51.26m – FG International consumers failed to remit about $51.26m to Nigeria for electricity exported from Nigeria to the power users in 2023, the Federal Government revealed in the latest industry data showing the non-remittances by the consumers. Also, another...

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...

FG Reduces Tariff for Band A Customers to N206.80/kwh The Federal Government has approved a downward review in electricity tariff for Band A customers to N206.80/kwh, from N225/kwh. Ban A customers are electricity consumers with a minimum supply of 20 hours daily. In a notice to its...

FG Splits TCN, Hands National Grid to New Company A new order by the Nigerian Electricity Regulatory Commission (NERC) will, in the next 30 days, create the Nigerian Independent System Operator of Nigeria Limited (NISO), leading to a split of the Transmission Commission of Nigeria...

$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...

Forex Crisis: NERC to Deregulate Meters Prices The Nigerian Electricity Regulatory Commission on Monday released an order on the Deregulation of Meter Prices for meters deployed under the Meter Asset Provider Scheme. It said the prices of meters were deregulated after Meter Asset Providers and other...