Power Grid Collapses, TCN Reaches 90% Restoration     The Transmission Company of Nigeria (TCN) on Tuesday reported the collapse of the national power grid. The spokesperson for the company said the incident occurred at 11:13am, and that restoration of the grid had reached 90 percent at the...

Discos Lose N366bn To Tariff Hike Postponement   The postponement of the electricity tariff hike shift from April to June is estimated to have cost the 11 Distribution Companies (DisCos) about N366 billion in expected revenue. The Nigerian Electricity Regulatory Commission (NERC) which had planned to approve...

Discos Sue FG Over Business Interference     Electricity distribution companies (Discos) have dragged the Federal Government to court to restrain it from further interfering in the corporate business activities of the power firms. According to the firms, the government, through the Nigerian Electricity Regulatory Commission and other...

NERC Reappoints 12-member Power Sector Peace Panel   The Nigerian Electricity Regulatory Commission on Monday approved the reappointment of a 12-member Dispute Resolution Panel for the Nigerian electricity supply industry. According to the commission, the appointment of the members was in line with Section 42.1.3 of the...

In Two Months, Discos Owe NBET N76bn   Power distribution companies in the country failed to pay a total of N76.19bn to the Nigerian Bulk Electricity Trading Plc for electricity sold to them in the first two months of this year. The government-owned NBET buys electricity in...

Nigerians’ll Pay Higher Electricity Tariffs, FG Promises IMF     Nigerians will pay much higher tariff for power in 2021, going by promises made by the Federal Government to the International Monetary Fund while seeking the $3.4bn emergency financial assistance recently approved for Nigeria. The Executive Board of...