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...

NERC Transfers Regulatory Oversight to Ekiti Board   The Nigerian Electricity Regulatory Commission (NERC) on Tuesday, April 23, revealed that it has transferred regulatory oversight of the electricity market in Ekiti state from the commission to the Ekiti State Electricity Regulatory Bureau (EERB). According to the commission,...

Electricity Tariff Hike Reversal Requires N3.2trn – NERC The Federal Government of Nigeria will need to come up with the sum of N3.2trn in 2024 to reverse the recent hike in electricity tariff, the Chairman of the Nigeria Electricity Regulatory Commission, NERC, Sanusi Garba said...