Tag: NERC

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…

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

Tade Salako

  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…

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

Aliyu Aliyu

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…

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