The Transmission Company of Nigeria (TCN) has said that Nigerians will have to pay more for electricity because production is not easy. However, it maintained that the cost of energy is still cheaper in Nigeria than in some neighbouring countries. This is despite the hike in electricity tariffs paid by Nigerians. Recall that on April…
The Nigerian Electricity Regulatory Commission has officially approved the transfer of regulatory oversight of the electricity market in Kogi to the Kogi State Electricity Regulatory Commission. This development followed the compliance of the state government with the stipulations outlined in the amended Constitution of the Federal Republic of Nigeria and the Electricity Act 2023 (Amended)….
The Nigerian Electricity Regulatory Commission has transferred the regulatory oversight of the electricity market in Oyo to the Oyo State Electricity Regulatory Commission, in compliance with the Electricity Act 2023. This was outlined in Order No: NERC/2024/110 issued by the commission on Tuesday. The order, signed by the NERC Chairman, Sanusi Garba, will take effect…
The House of Representatives has asked the Nigeria Electricity Regulatory Commission, NERC, and the distribution companies, DISCOs, to reverse the tariff hike for Band A customers. This directive was given on Tuesday after the adoption of a report presented by the House Committee on Power. It would be recalled that NERC announced a hike affecting…
The Nigerian Electricity Regulatory Commission has warned Nigerians against paying for electricity distribution infrastructures such as transformers, cables or poles. In a statement shared alongside a video on social media on Tuesday, NERC emphasised that consumers should not be coerced into purchasing transformers, cables, or poles, as this responsibility lies squarely with the distribution companies….
The Federal Government has reduced the electricity tariff for Band A customers. Recall that the Nigerian Electricity Regulatory Commission (NERC), had charged customers with a daily supply of a minimum of 20 hours to pay N225/Kwh. However, under the approved review, Band A customers are now to pay N206.80/Kwh. Ikeja Electric, in a notice to…
The Nigerian Electricity Regulatory Commission (NERC), in a move to deregulate the metre supply and pricing market, released an order on Monday on the deregulation prices for metres deployed under the Meter Asset Provider (MAP) Scheme. According to the order, the commission said the move was necessitated after MAPs and other operators requested a further…
The Nigerian Electricity Regulatory Commission, NERC, has given the go-ahead to raise the electricity rates for customers in the Band A category. During a press briefing in Abuja on Wednesday, the Vice Chairman of NERC, Musliu Oseni, announced that there will be a rise in electricity tariffs. This adjustment will result in customers paying N225…
Nigeria’s available power generation capacity has plunged by 2,324 megawatts due to deteriorating plants/units’ capacities and poor maintenance caused by liquidity challenges, among others, the Federal Government has said. It stated that though the country’s installed power generation capacity increased marginally, the quantum of available power crashed by over 2,300MW between 2015 and 2022. An…