Electricity Consumers Await Revised Tariff Today       Electricity consumers are expecting a new tariff decision today that will be active for the next six months barring changes by the Nigerian Electricity Regulatory Commission (NERC). NERC had in April 2021 announced that it was reviewing the Multi Year...

Power Revenue Improved, Customers Paying 78% Tariffs – NERC       Revenue to Nigeria’s power sector has improved since the implementation of Service Based Tariffs that started in November 2020, the Nigerian Electricity Regulatory Commission said on Wednesday. NERC also said that power users in bands A and...

Reps Direct NERC To Halt Electricity Tariff Hike       The House of Representatives has asked the Federal Government to direct the Nigerian Electricity Regulatory Commission (NERC) to halt with immediate effect, the proposed increase in electricity tariff scheduled to take effect from June 2021. Adopting a motion...

NERC Okays N756bn Investments For 11 Power Firms       The Nigerian Electricity Regulatory Commission (NERC) has approved N756.74 billion Capital Expenditure (CAPEX) for the 11 Distribution Companies (DisCos) for the next five years in their Performance Improvement Plan (PIP). The projected investment directives were requested for by...

No Electricity Tariff Increase, Says Power Minister     At the backdrop of rumors of possible hike in electricity tariff, the Minister of Power, Engr. Sale Mamman, has indicated that the ministry is focusing on increased efficiency and not tariff. In a statement made available to Economic Confidential...

CBN N120bn Fund: Consumers Want Meters, Improved Power Supply       Power consumers and power sector experts have tasked the 11 power Distribution Companies (DisCos) on accelerating meter installations for the over eight million customers while improving power supply by enhancing their networks. This is coming on the...