NERC To Review Electricity Tariffs, Capital Expenditure In July       The Nigerian Electricity Regulatory Commission on Monday announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July. It disclosed this in its notice of Minor and Extraordinary Review of Tariffs for Electricity...

FG Spends N568.5bn Yearly On Power Tariff Shortfalls – W/Bank       The Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to fund electricity tariff shortfalls, the World Bank has said. According to the global financial institution, this amount could further increase if...

Gencos Got N81.14bn Payment Assurance In 2020 – NERC       Power generation companies received N81.14bn as payment assurance from the Nigeria Electricity Bulk Trading Plc in 2020, the Nigerian Electricity Regulatory Commission has said. NERC disclosed this in its latest Key Operational and Financial Data of the...

Discos Failed To Pay N510.53bn In 2020, Says NERC       Power distribution companies in the country failed to pay a total of N510.53bn for the electricity sold to them in 2020 by Nigerian Bulk Electricity Trading Plc, the Nigerian Electricity Regulatory Commission has said. The government-owned NBET...

Consumers Paid N542.73bn To Discos In 2020 – NERC       Consumers across the country paid a total of N542.73bn to power distribution companies as electricity bill in 2020, a report obtained from the Nigerian Electricity Regulatory Commission has shown. In the 2020 financial report, the NERC, however,...

Consumers With Faulty Meters Shouldn’t Get Estimated Bills, Says NERC     Under no circumstances should a customer be placed on estimated billing on account of the failure of a power distribution company to install a replacement meter, the Nigerian Electricity Regulatory Commission has said. According to NERC,...