In 12 Months, Discos Suffered N543bn Revenue Loss   The latest report by the Nigerian Electricity Regulatory Commission (NERC) shows that total billing to electricity consumers by the 11 distribution companies stands at N816bn. The report also shows that out of this amount, only N370bn has been...

Dangana Becomes New MD/CEO KEDCO   Power sector regulators, Nigerian Electricity Regulatory Commission (NERC) and Bureau of Public Enterprises (BPE) have approved the appointment of the Board of Kano Electricity Distribution Company Plc (KEDCO). The approval followed the Federal Government’s restructuring of 5 DisCos, as a result...

DisCos’ Payment To GenCos Drops By 50%   Electricity distribution companies (DisCos) payment to generation companies (GenCos) for electricity generation has dropped by 50 per cent. The statistics showed that DisCos were unable to pay GenCos full payment for the quantity of power generated in January 2022. As...

FG To DisCos: Resume Free Metre Distribution   The Federal Government has given instructions to electricity distribution companies to resume the Metre Assets Providers programme, recently slowed down by the National Mass Metering Programme. Although the DisCos’ MAP has been in existence for some years, the NMMP...

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...

NERC: No Hike In Electricity Tariffs The Nigerian Electricity Regulatory Commission, NERC has clarified that reviews do not automatically translate into an increase in electricity tariffs. The electricity market regulator made this known in a statement titled ‘Notice of Compliance in Respect of the Biannual Review...