The World Bank has approved a $500 million loan to improve access to electricity in Nigeria and expand the metered network of power distribution companies. The money will help distribution companies or DisCos “make necessary investments to rehabilitate networks, install electric meters for more accurate customer billing and to improve quality of service for those
Read more
President Muhammadu Buhari has ordered operators in the power sector to carry out mass metering of unmetered customers nationwide, as announced on Wednesday night by the Nigerian Electricity Regulatory Commission (NERC). The NERC also, via its official Twitter handle, disclosed that it had not approved any increase in electricity tariffs as speculated. They wrote: “The
Read more
The planned hike in electricity tariffs which was to take effect from Wednesday 1 July 2020 has been put on hold till the first quarter of next year. The leadership of the National Assembly on Monday waded into the controversy on the planned hike in electricity tariffs from July 1st, 2020 and succeeded in convincing
Read more
Electricity Distribution Companies (DisCos) have said that the proposed two months free electricity supply as part of the COVID-19 palliative for its customers cannot come to limelight until the National Assembly approves the proposal. According to Eko Electricity Distribution Company (EKEDC), the misleading reports that electricity distribution companies (DisCos) would be supplying free electricity to
Read more
The Nigerian Electricity Regulatory Commission (NERC) has placed limits on estimated bills that can be issued by electricity distribution companies to unmetered customers. It said it had cancelled the Estimated Billing Methodology Regulation as a basis for computing the consumption of unmetered customers by the Discos. NERC disclosed this in its order on the capping
Read more
The Power distribution companies and the Transmission Company of Nigeria Plc have applied to the Nigerian Electricity Regulatory Commission for a review of their tariffs. NERC, in a document sighted by The Punch, said the request for rate review was premised on the need to incorporate changes in macroeconomic parameters and other factors affecting the
Read more