Category: Power

‘DisCos Can’t Hike Bill For Customers,’ NERC Freezes Allowable Tariff

ADEOLA YUSUF

. Okays 35% increase payable through government’s subsidy as it releases new MYTO “(Allowable) tariff frozen for all customers at the rates payable since December 2022, while government pay more on subsidy. In all, the DisCos will still smile to the bank. “   The Nigerian Electricity Regulatory Commission (NERC) has frozen tariffs from customers to the eleven distribution companies (DisCos) at the rates payable since December 2022. Platforms Africa reports that though the latest Multi Year Tariff Order (MYTO) issued by the commission approved a hike in the tariffs…

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Why NERC Sacked Kaduna Disco’s Board + The N100bn Debts Deal

ADEOLA YUSUF

The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company plc (KAEDC)  because it has failed to offset a debt of N110 billion owed the Nigerian Bulk Electricity Trading Plc (NBET) and the Market Operator (MO). The final sack of the KAEDC board is coming about nine months after the electricity sector regulator notified the company of its intention to “cancel its licence” after 60 days, at the time, over its growing liabilities. According to NERC, after a performance review, the Disco only achieved a…

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Ill-Fated Plane That Flew Power Minister To Ibadan Violated Rules – NSIB

ADEOLA YUSUF

Here are findings by the Nigerian Safety Investigation Bureau as more questions are being raised on why Adebayo Adelabu, a Nigerian minister who escaped death by the whiskers, blatantly denied the accident   The Nigerian Safety Investigation Bureau (NSIB) has revealed that the plane crash involving Flints Aero conveying the Minister of Power Adebayo Adelabu from Abuja to Ibadan, Oyo State, last month violated the permit regulation of non-commercial flight. Platforms Africa, which broke the news reported that the minister denied the plane crash, tagging it “all lies.” Meanwhile in…

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Egbin Plant Shuts Down, Sinks Nigeria’s Power Generation by 676 MW

ADEOLA YUSUF

Why West Africa’s biggest electricity plant will be shut for three days – TCN   Nigeria’s electricity generation on Monday dropped by 676MW as Egbin power plant shut down for maintenance. Platforms Africa reports that a notice issued by the Transmission Company of Nigeria (TCN) read that the station was shut down as at 11:13 hours of 18th December 2023, to allow the Nigeria Gas Company (NGC) to maintain a linking gas pipeline supplying gas to Egbin Power Station. READ ALSO: TotalEnergies Ends Routine Flaring In Nigeria, Reiterates Fresh $6bn…

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Electricity Subsidy Gulps N376bn, Consumers Pay N783bn

ADEOLA YUSUF

The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday. The latest power subsidy figures obtained in Abuja from the Nigerian Electricity Regulatory Commission, an agency of the Federal Government, showed that the government subsidised electricity in the first, second and third quarters of 2023. It was also gathered that power distribution companies billed electricity users a total of N1.06tn nationwide during the nine-month period, but…

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National Grid Collapses, Plunges Major Cities Into Darkness

ADEOLA YUSUF

The Nigerian electricity transmission system, popularly known as national grid, has collapsed, plunging major cities in the country into darkness. Platforms Africa reports quoting sources at the National Control Centre Oshogbo in Osun State that the grid failure occured at 1.49 pm. . The sources provided no information on the cause of the system failure or when power is expected to be restored. Meanwhile, distribution companies hace taken turns to inform their customers about the developments. Aba Power Ltd has notified consumers in its ring-fenced area covering nine local government…

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Metering And New Gold As Power Privatisation Clocks 10 Years – Kola Balogun

ADEOLA YUSUF

  In this no-holds-barred interview with PLATFORMS AFRICA, Chairman MOMASS Electricity Meters Manufacturing Company ( MEMMCOL), Engineer (Dr.) Kola Balogun, FNSE, opens up on 10 years of Nigeria’s power privatisation, metering value chain and the new gold. Excerpts;   What are the achievements of MEMMCOL within the last 10 years of post-privatization of the power sector? Momas Electricity Meter Manufacturing Company Limited (MEMMCOL) is the leading manufacturer in the downstream of the Power sector. We are duly recognized and certified as an Original Equipment Manufacturer (OEM) in the power sector…

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Use Approved e-Payment Channels, EKEDC Urges Customers Amid NLC Strike

ADEOLA YUSUF

The Eko Electricity Distribution Company (EKEDC) has urged its customers to make use of approved e-Payment Channels, amidst the Industrial action by the labour unions. Platforms Africa reports that the utility firm made this known in an official statement to electricity users under its catchment areas. READ ALSO: “They Beat Me o,” With Swollen Eye, Bruises, NLC President Speaks On Attack JUST IN: NLC, TUC Begin Nationwide Strike Midnight It’s Fake, TCN Denies Report On Grid Shutdown, Nationwide Blackout BREAKING: Nigeria’s ex-Finance Minister Is Dead ExxonMobil Is A Lithium Company…

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Nigeria’s Power System Debts To NDPHC Hits N180 Billion

ADEOLA YUSUF

  . Why Process For 10 NIPPS’ Sale Is Stalled   The debts profile of Nigeria’s power system to the Niger Delta Power Holding Company (NDPHC) is now between N150 billion and N180 billion. Platforms Africa reports that the Managing Director of the company, Mr. Chiedu Ugbo, who said this during a roundtable with journalists in Lagos, maintained that those who are owing the company include Nigeria Bulk Electricity Trading Company (NBET), while some debts are in the name of Central Bank of Nigeria (CBN),  maintaining that the debts did…

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EKEDC Deepens Legal Actions As Energy Theft, Meter By-Pass Surge In Lekki

ADEOLA YUSUF

“Now beyond our control,” What Dr. Sanda, customers said at the Lekki Customer engagement forum, which coincided with the EKEDC’s Energy Theft Awareness Week     Eko Electricity Distribution Company (EKEDC) has expressed concerns over the rising cases of energy theft, meter bypass, and unauthorized connections in the Lekki district of Lagos state and has therefore vowed to take legal action against individuals or groups caught engaging in the activities. Dr. Tinuade Sanda, Managing Director/Chief Executive Officer of Eko Electricity Distribution Company (EKEDC), made this known in a keynote address at…

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