Category: Power

EKEDC Okays 150,000 Pre-paid Meters’ Installation Annually

ADEOLA YUSUF

. “We’re certain about installing nothing less than 50,000 customers,” details of what MD/CEO, Tinuade Sanda said at regular engagement forum with customers under the Lagos/Victoria Islands + PHOTO   “In the remaining part of the year, we are very certain about installing nothing less than 50,000 customers, because we have a target to install 150,000 in a year.”     The Eko Electricity Distribution Company has set a target of installing 50,000 prepaid meters before the end of 2023 as it earmarked 150,000 prepaid meters to be installed annually.…

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N144k: Consumers To pay More For Pre-paid Meters As NERC Hikes Prices

ADEOLA YUSUF

This is how much you will pay for a single-phase and a three-phase prepaid meters henceforth    The electricity consumers in Nigeria will now pay up to N144,000 for a pre-paid meter as the Nigerian Electricity Regulatory Commission (NERC) has granted approval for an upward adjustment in the prices of prepaid electricity meters. Platforms Africa reports quoting  a circular dated September 5, 2023, signed by the Chairman, Sanusi Garba, and the Commissioner of Legal, Licensing, and Compliance, Dafe Akpeneye, that the commission has announced revised prices for prepaid meters. READ…

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Ekpo Pledges Increased Gas Investments for Improved Power Supplies

ADEOLA YUSUF

Details of the agenda the Minister of State for Petroleum Resources (Gas) unveiled during a meeting with staff of the ministry in Abuja Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has pledged to work towards attracting investments into the gas sector to unlock its full potential for national development. He stated this during the inaugural meeting with staff of the ministry jointly held with the Minister of State, Petroleum Resources (Oil), Senator Heineken Lokpobiri, in Abuja. He said his vision was to grow gas supplies to…

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Who-Gets-What: Full List Of Ministers And Designations

ADEOLA YUSUF

The Presidency on Wednesday unveiled the designation of the ministers that will work with President Bola Tinubu. Below is the full list of the ministers and their designations Minister Of Communications, Innovation And Digital Economy: Bosun Tijani READ ALSO: JUST IN: Tinubu Retains Petroleum Ministry, Assigns Portfolios To Ministers Kenya Reinstates Fuel Subsidy After Months of Violent Protests BREAKING: NNPC Borrows $3bn Emergency Loan Lagos Muslims Protest, Petition Lawmakers Over Sanwo-Olu’s Cabinet List Minister Of State, Environment And Ecological Management: Ishak Salako Minister Of Finance And Coordinating Minister Of The…

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Americans Struggling To Pay Skyrocketing Energy Bills – Report

ADEOLA YUSUF

Energy bill for an average household air conditioning going as high as $525 per annum in the hot and humid Southeast -EIA   A summer of record-breaking heat has dramatically increased electricity consumption for Americans with many now struggling to keep up with their skyrocketing electric bills. According to the U.S. Energy Information Administration (EIA), the average household spends about $262 a year on air conditioning, with costs going as high as $525 in the hot and humid Southeast. READ ALSO: 96 Crew-Member Seplat’s Oil Rig Capsizes, Kills One, Three…

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Niger, Togo, Benin Fail To Remit $16.11m Electricity Bills To Nigeria

ADEOLA YUSUF

The money is for electricity consumed in the first quarter of 2023       Niger,Togo, Benin Republic failed to remit $16.11 million for electricity consumed in the first quarter of 2023,the Nigerian Electricity Regulatory Commission (NERC),has said. The agency said in its first quarter report that international customers had a remittance performance of 0 per cent to the Market Operator (MO) in Q1 2023. The international customers include Société Béninoise d’Energie Electrique (SBEE) of Benin Republic (Paras-SBEE and Transcorp-SBEE), Compagnie Energie Electrique du Togo (CEET) (Odukpani-CEET) and NIGELEC- electric…

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We’ve Surged Investment On Equipment Upgrades – EKEDC

ADEOLA YUSUF

Customers commend EKEDC for prompt response to faults as allocation to company reduces from 513 MW to 350 MW in last two weeks.   Eko Electricity Distribution Company (EKEDC) says it has spent significant amount of money on upgrading of equipment within its network. Platforms Africa reports that the Chief Executive Officer of the utility firm, Dr. Tinuade Sanda, who disclosed this during its Ijora District customers engagement forum in Lagos on Thursday, maintained that the investment was made to improve service delivery. Customers at the forum were drawn from…

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JUST IN: Don’t Approve Electricity Tariff Hike, Reps ‘Order’ NERC

ADEOLA YUSUF

“We’ve passed a resolution to this effect.”   The house of representatives has asked the National Electricity Regulatory Commission (NERC) not to approve the proposed increase in electricity tariffs. The lower legislative chamber passed the resolution during a plenary session on Thursday, following the adoption of a motion sponsored by Sani Madaki, a member of the New Nigeria Peoples Party (NNPP) from Kano. READ ALSO:Why, How Petrol Price Hit N617 Per litre – Marketers N617 Per Litre: NNPC Hikes Petrol Prices, Queues Resurface Tariff Hike Imminent As Nigeria’s Electricity Subsidy…

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Tariff Hike Imminent As Nigeria’s Electricity Subsidy Hits N2.8 Trillion

ADEOLA YUSUF

INDICATION Shave emerged that the Federal Government may consider the request by power distribution companies (Discos) for review of tariff. This is coming as estimates showed that the spending on electricity subsidy has reached N2.8 trillion in seven years. A new report by the Nigerian Electricity Regulatory Commission (NERC), indicated that past hikes in electricity tariffs by the Discos saved the government from paying additional N1 trillion in subsidy to power firms annually. The July 2023 NERC report was titled, ‘Overview of the Nigeria Electricity Supply Industry.’ Providing an update…

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DisCos Raked In N247.3 Bn from Customers in 3 Months

ADEOLA YUSUF

STATISTICS: NBS gives details of what Nigerians paid to 11 distribution companies between January and Match, 2023   The Electricity Distribution Companies (DisCos) collected revenue of N247.33 billion from consumers in the first quarter (Q1) of 2023, according to the National Bureau of Statistics (NBS). The DisCOs collected N232.32 billion in the preceding Q4 2022. The NBS Nigeria Electricity Report for Q1 2023 released in Abuja on Wednesday showed that on a year-on-year basis, revenue generated rose by 20.81 per cent from N204.74 billion recorded in Q1 2022. READ ALSO:…

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