The latest report by the Nigerian Electricity Regulatory Commission shows that total billing to electricity consumers by the 11 distribution companies stands at N816bn. The report also shows that out of this amount, only N370bn has been collected by the DIiscos, leaving a total outstanding of N543bn. The data was contained in the NERC’s Annual
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The Nigeria Government has yet again increased the electricity tariff payable by power consumers across the country. The Nigerian Electricity Regulatory Commission authorised the new tariff, which took effect from January 1, 2021. According to The PUNCH, the NERC announced the tariff hike in its December 2020 slight review of the Multi-Year Tariff Order and
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Nigerian Electricity Regulatory Commission (NERC) has denied approving a 50 percent increase in electricity tariffs. NERC made the denial in a statement on its Twitter handle – @NERC- on Tuesday, entitled ‘Public notice on purported 50% increase in electricity tariffs’. “The attention of the commission has been drawn to publications in the print and electronic
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Former Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), Mr. Sanusi Garba has officially assumed duty as the chairman of the regulatory agency. During the event which was witnessed by other commissioners of the agency, Garba sought the cooperation of the entire NERC team in order to succeed in the commission’s job of providing
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The Lalupon/Iwo Road Feeder Electricity Consumers Association, Ibadan, has dragged Ibadan Electricity Distribution Company (IBEDC) before the Nigerian Electricity Regulatory Commission (NERC) over alleged erratic power supply in the area for the past eight years. The Chairman of the association, Rev. Jide Kehinde, while speaking with newsmen on Saturday, lamented that the affected communities had
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President Muhammadu Buhari, has ordered operators in the power sector to carry out mass metering of unmetered customers nationwide. This was announced on Wednesday by the Nigerian Electricity Regulatory Commission. The NERC in a tweet via it official Twitter handle also declared that it had not approved any increase in electricity tariffs, as reported in
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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
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Nigerian Electricity Regulatory Commission (NERC) Tuesday said there will be no increase in electricity tariff for end-use customers until July. NERC had in a December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020 disclosed that it would increase tariff from April 1st 2020. But the increase was
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Nigerians will from Wednesday, April 1, 2020, pay more for electricity. This is according to the Nigerian Electricity Regulatory Commission’s December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020. The Punch reports that checks on Monday showed that the decision to increase tariff had not yet been
Read moreThe 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
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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
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