Tag: NERC

NERC Slams N628.03m Fine On Eight DisCos + FULL LIST

Ganiyu Amodu

The Nigerian Electricity Regulatory Commission (NERC) has fined Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola Electricity Distribution Companies the sum of N628.03million for non-compliance with the capping of estimated billing for unmetered customers. The commission conveyed the sanction in a release on Thursday. It explained that the action was sequel to a review of billing practices between July and September 2024, which revealed that the affected DisCos failed to adhere to monthly energy caps issued by NERC. The fines represent five per cent of the gross overbilling during…

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NERC Moves Oversight To Plateau State Regulatory Commission

Ganiyu Amodu

The Nigerian Electricity Regulatory Commission, has issued an order to transfer its regulatory oversight of the electricity market in Plateau State to the Plateau State Electricity Regulatory Commission (PSERC). The development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended),the Commission said in a statement on Friday. With the EA 2023, the Commission retains the role as a central regulator with regulatory oversight of inter-state/international generation, transmission, supply, trading and system operations. The EA also mandates any state that…

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NERC, ANEED, UNILAG VC Open Up On Varsities, DisCos Power Tariff Bickering

Rofeequr Adeola--Yusuf

At EWAN Summit, Stakeholders’ Link Quality Education To Stable Power Supply as group’s Chairman gives reason EWAN brought ‘feuding’ power regulator, DisCos and education community face-to-face over Band A, power tariff      Stakeholders from the education, energy, communication, and financial sectors say availability of affordable and stable power supply is essential in the delivery of Impactful education to all who yarn for knowledge. PLATFORMS AFRICA reports thatethe speakers at the 2024 annual summit of the Education Writers’ Association of Nigeria, EWAN, gave the submission in Lagos while speaking on…

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Tariff Hike: Labour Unions Ground TCN, NERC, DisCos’ Operations Nationwide

Ganiyu Amodu

The organised labour led by the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC), on Monday, grounded operations of the Nigerian electricity supply industry as the made real their threat of picketing operators of the industry. Their action was sequel to the increase in the electricity tariff which has seen many concerns having their bill shoot up in such an astromical manner. The unions had on Sunday sent notices of their protests to their units across the country, reconfirming with clear instructions on their modus operandi. They demanded a…

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NISO Assumes National Grid Control, Operations As NERC Unbundles TCN

Ganiyu Amodu

▪️  What becomes the date of all staff under defunct System Operator   The Nigerian Electricity Regulatory Commission (NERC) has issued a new Order for the establishment of the Nigerian Independent System Operator Limited (“NISo”) effective from 1 May 2024, to hold and manage all assets and liabilities pertaining to market and system operation on behalf of market participants and consumer groups or such stakeholders as NERC may specify. This was contained in the Commission’s order, tagged ORDER NO: NERC/2024/45, İssued on April 30, 2024, jointly signed by Sanusi Garba,…

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N58k To N81k: NERC Hikes Prepaid Meter Price

Ganiyu Amodu

The Nigerian Electricity Regulatory Commission (NERC) has approved the deregulation of prices of meters deployed under the Meter Asset Provider (MAP) scheme, effective from May 1, 2024. This is coming on the sideline of the requests from Meter Asset Providers (MAPs) and Local Meter Manufacturers and Assemblers (LMMAs) seeking a review of meter prices due to significant changes in the NGN/USD foreign exchange rate and inflation rate since the last price review in September 2023. This was contained in the Commission’s order number “NERC 2024/040”, on the deregulation of the…

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63% Connected: EKEDC Exerts Leadership In Metering, Targets 100% By 2028

Ganiyu Amodu

. Don’t buy transformers, cables, without formal agreements with DisCos, NERC warns customers . How our 5-year plan will totally eliminate estimated billing in our network – Sanda   The Eko Electricity Distribution Company (EKEDC)has exerted its Leadership in meetering as it launched a 5-year plan to connect additional 120,000 customers annually from 2024 to 2028. Platforms Africa reports that Nanaging Director of EKEDC, Dr. Tinuade Sanda, who stated this plan at the Day-1 of the Nigerian Electricity Regulatory Commission (NERC) 3-day town hall for customers in Lagos, maintained that…

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You’ll Enjoy Improved Power Supply From July 1, NERC Assures Nigerians

ADEOLA YUSUF

NERC Chairman gives reasons some power supply issues rocking Nigeria may end in two weeks   Chairman, Nigerian Electricity Regulatory Commission, NERC, Sanusi Garba, has declared that Nigerians will begin to enjoy improved power supply from July 1 following renewed efforts by industry stakeholders. Platforms Africa reports that Mr Garba gave the assurance at an interactive session with newsmen after the Second Nigerian Electricity Supply Industry, NESI, meeting on Wednesday in Lagos. READ ALSO: Nationwide Blackout As Grid Suffers 4th Collapse in 88 Days I Am Angry With State of…

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Nigerians Pay more For Electricity As Discos Hike Tariff to N56.28 pkwh

ADEOLA YUSUF

“Not power supply, neither generation nor transmission, the only thing in Nigeria’s Electricity sector that has consistently and geometrically increased since privatisation is tariff imposed on customers. Sadly, what we have here is a case of an expensive darkness.”   The Electricity distribution companies (DisCos) have hiked tariffs for customers in full compliance to the Multi-Year Tarrif Order (MYTO) given to them by the Nigerian Electricity Regulatory Commission (NERC). Platforms Africa reports that the NERC on Thursday officially released different documents indicating the approved power tariff increase payable by consumers…

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CBN, NERC, Army HQ, Nicon Luxury Hotels, Others Suffer Blackout

ADEOLA YUSUF

AEDC Apologises, blames supply disruptions on vandalism   Major power supply disruptions have rocked Abuja, Nigeria’s administrative capital, putting the Central Bank of Nigeria (CBN), the Nigerian Army Headquarters, the Nigerian Electricity Regulatory Commission (NERC), Nicon Luxury Hotels and others financial and defence institutions off the grid, Platforms Africa reports. The Abuja Electricity Distribution Company (AEDC), which confirmed this in a notice obtained by Platforms Africa, blamed the situation on the cases of serious vandalism around its network specifically in the Central Business District and around the Lifecamp Round-about Abuja,…

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