Browsing Tag
NERC
19 posts
Federal Government threatens to withdraw license of DisCos over poor power supply
The Federal Government has issued marching orders to its agencies regulating the power sector, directing the Nigerian Electricity Regulatory Commission, NERC, to withdraw licenses of non-performing electricity distribution companies, DisCos.
Electricity Regulatory Commission sanctions 11 DisCos over non-compliance
The Nigerian Electricity Regulatory Commission (NERC) has confirmed that it has sanctioned eleven Distribution Companies’ (DisCos) due to their non-compliance with capping of estimated bills for unmetered customers.
Nigeria may borrow more to sustain DisCos, GenCos as NERC adjusts tariff
Nigeria, struggling to raise funding for its 2024 budget may borrow to finance electricity subsidy as the Nigerian Electricity Regulatory Company (NERC) yesterday released a new tariff template, showing over N1.6 trillion shortfall.
NERC cancels Kaduna Electricity Distribution Company’s licence over N110b debt, appoints Sole Administrator
Nigeria Electricity Regulatory Commission (NERC) has cancelled the licence of Kaduna Electricity Distribution Company and appointed a sole administrator.
One year after takeover of DisCos, darkness, liquidity crisis persist
All is not well with electricity distribution companies across the country as the state of the five utility firms, which were taken over by the Federal Government, commercial banks and Asset Management Corporation of Nigeria (AMCON) have little to show off one year after.
Federal Government probes extension of DisCos’ licenses, faults power privatisation
The Minister of Power, Adebayo Adelabu, on Wednesday said privatisation was not the right way to go for the country, rather commercialisation would have been better.
NERC Hike Prepaid Meters Price: Stakeholders raise concern, increases by 40% over VAT, FX, inflation
Stakeholders have raised concerns about the Nigerian Electricity Regulatory Commission’s (NERC) decision to increase prices of electricity meters, saying it is unlikely to bridge the over seven million metering gap and ensure a stable power supply.
Electricity Metres: Plot against $155m World Bank loan thickens
Calls for auditing and legal action taken against defaulting electricity metre manufacturing firms in the country resonated yesterday as stakeholders queried the bid for a $155 million World Bank loan to import metres as the Federal Government continues in its efforts to bridge the over 8.1million metering gap.
Suspense over planned electricity tariff hike, consumers experience vending challenges amid panic buying
There is apprehension in the country over the planned introduction of a new electricity tariff regime, which is expected to take off today, 1st July 2023.
DisCos receive 222,639 complaints in Q4 of 2021 – NERC
The Electricity Distribution Companies (DisCos) received a total of 222,639 complaints from consumers in Quarter 4 of 2021.