11 DISCOs’ debts to NBET, Others hit N112bn in Q1 2018 Nigerian Electricity Regulatory Commission, NERC, has disclosed that the nation’s 11 Electricity Distribution Companies, DISCOs’debts to Nigerian Bulk Electricity Trader(NBET), and Market Operator(MO), are still below 30 percent as they paid only N51.2 billion...

NERC Grants 69 Firms Metering Permit The Nigerian Electricity Regulatory Commission (NERC) has granted 69 firms permits to fund purchase, installation and replacement of meters to meet the 11 electricity distribution companies (Discos) metering gap and obligations to their customers. The grants which were sequel to...

NERC, 4 Others Share N882m Power Service Charge From Niger, Benin Republics   Two international electricity customers, Niger Electricity (NIGELEC) and Communauté Electrique du Bénin (CEB) have paid $10.104 million (about N3.651 billion) electricity debts they owed Nigeria. An update of electricity payments report released by the...

IBEDC Invests N11.5bn in Power Infrastructure The Ibadan Electricity Distribution Company IBEDC has said that more than N11. 5 billion has been invested in metering, network upgrading and rehabilitation of its network operations in the last six months. IBEDC’s Managing Director, Mr John Donnachie disclosed this...

Unused Electricity Volume May Rise by 2,130MW Nigeria’s total volume of unused electricity from national grid will rise by 2,130 megawatts (MW), to add to an existing 2000MW idle volumes that power distribution companies (Discos) are unable to take to homes and offices in the...

NERC Scrutinises Discos’ Capital Spends Before Tariff Review   The Nigerian Electricity Regulatory Commission (NERC) would be taking a deeper look at how the 11 electricity distribution companies (Discos) have utilised the capital expenditure allowed for them in their respective existing tariffs before agreeing to sign...