DisCos Hike Electricity Rates As New Tariff Begins Tuesday     The power Distribution Companies (DisCos) are already hiking electricity rates despite the effects of the COVID-19 as a three-month tariff hike implementation begins on Tuesday. Tariff schedules of three DisCos seen by our correspondent on Monday night,...

Power Crises: More Electricity Woes As Tariff Shortfall Heads To N822bn     Against the backdrop of the recent reversal of the new electricity tariff take-off,, the World Bank has indicated that Nigeria’s electricity tariff shortfall would rise by 56.9 per cent to N822 billion in 2023...

Capped Tariff Costing DisCos N14bn Monthly     The power sector is denied N13.9bn revenue monthly as a result of the capping on estimated electricity bills by the Nigerian Electricity Regulatory Commission, power distribution companies stated on Thursday. Electricity distribution companies are the revenue collection outfits of Nigeria’s...

NERC Suspends Electricity Tariff Increase   The Nigerian Electricity Regulatory Commission has suspended the proposed increase in electricity tariffs initially slated for Wednesday (today). NERC had on January 4, in its December 2019 Minor Review of Multi Year Tariff Order 2015 and Minimum Remittance Order for the...

Electricity Tariff To Increase On Wednesday   Nigerians will from Wednesday, April 1, 2020, pay more for electricity. The Nigerian Electricity Regulatory Commission had disclosed this in its December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020. Checks by Economic...

Abuja, Other Power Consumers Get 35% Tariff Hike   Bulk of the power consumers in the residential R2 category in Abuja, Kogi, Nasarawa and Niger states will pay an average increase of 35 per cent in electricity tariff beginning from April 1, 2020 when the new...