Tag: NERC

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…

Read More

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…

Read More

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,…

Read More

BREAKING:100% Electricity Tariff Hike Begins in 4 Months – Nigerian Govt

ADEOLA YUSUF

The Nigerian government has stated its plans to end all forms of subsidy for tariff in the power sector by January, 2022, a move expected to skyrocket tariff to 100%. Platforms Africa reports that the Special Adviser to the President on infrastructure, Ahmed Zakari, made this known during the Stakeholders engagement meeting organized by the Nigerian Electricity Commission, NERC, in Lagos. The power industry in Nigeria has reportedly being rocked by claims of revenue shortfall allegedly due to a tariff regime that is “not cost reflective.” Data of Nigerian Bulk…

Read More

EKEDC, Ikeja Electric 5-Year upgrades’ investments hit N215.68bn

ADEOLA YUSUF

  How power distribution firms’ spending plan got NERC’s nod + who will spend what     Two major players in electricity Distribution statum of the Nigeria’s power industry, Eko Electricity Distribution Company (EKEDC) and Ikeja Electric, have secured the nod of the Nigerian Electricity Regulatory Commission (NERC) to spend N215.68 billion in the next five years. NERC, which confirmed this in a document sighted by Platforms Africa, maintained that it approved a 5-year investments plan for upgrades by the two major firms based on outcome of Tariff review consultations, which…

Read More

Nigerians to pay more for Electricity as tariff hike, MYTO review loom

ADEOLA YUSUF

Fresh adjustment in the electricity tariff for electricity consumers in Nigeria is looming as the Nigerian Electricity Regulatory Commission (NERC) on Monday declared plans for the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies (DisCos). NERC, which is the regulator of Nigeria’s power sector, made this known on Monday in a notice to the general public and industry stakeholders posted on its website. The review  the commission said, was pursuant to the provisions of the Electric Power Sector Reform Act (EPSRA). According to NERC, extraordinary tariff reviews are…

Read More