Trouble looms as NERC awaits FG’s nod to up electricity tariff by 61.5%
Serious disquiet in the nation’s electricity sector is emerging should the federal government gives nod to the proposal of the Nigerian Electricity Regulatory Commission (NERC) to arbitrarily jerk up tariff payable by electricity consumers by 61.5 per cent. NERC revealed…
Bypass electric meter now, pay N450,000 fine or be jailed
Worried by rampant theft of power by way of meter bypass in several parts of the country, the Nigerian Electricity Regulatory Commission (NERC) has drafted sanction ranging from N50,000 to N450,000 for suspects. Already, the regulator has secured the endorsement…
TCN completes repairs on collapsed grid system
Chances of lager part of the country remaining in darkness for too long have been cut short following early Monday completion of repairs at the nation’s grid system which got bad last week Thursday. The Transmission Company of Nigeria (TCN)…
Power hits 7001MW, all time high, but evacuations remain poor
The irony of Nigeria’s power crisis stemmed from the veiled truth that Africa’s largest economy now has the capacity to produce more power than it can distribute. This is based on the fact that since September 12 this year (2017),…
MAN, others stand on biannual basis, reject monthly electricity tariff review
Members of the Manufacturers Association of Nigeria (MAN) and other consumers of electricity in the country have rejected a sudden proposal by the Nigerian Electricity Regulatory Commission (NERC) to review power charges on a monthly basis. The manufacturers stood their…
NERC begins strategic stakeholders’ consultations on way out of Discos funding crisis
Fresh details have emerged revealing that government is now closing in on how best to resolve the intractable funding crisis rocking virtually all the 11 electricity Distribution Companies (Discos) operating in Nigeria. It would be recalled that since the unbundling…
Fine for power theft, illegal connection to be increased from N50,000 to N.2m
To boost deterrence, the recommendations of the 17th power sector stakeholders meeting which included raising penalty for electricity theft from N50,000 to N200,000 is now receiving consideration by the Nigerian Electricity Regulatory Commission (NERC). Already, the indebtedness of Discos has…
Out of 11 Discos, only 2 made full remittance to NERC in May—MO Report
The Nigerian Electricity Regulatory Commission (NERC) has revealed that that several power distribution companies in the country are beginning to develop debt habit, a situation that has forced the Commission to begin enforcement procedures against remittance of revenue. Market Operator…
ANED clarifies ‘Don’t pay Bills’ directive, says not for small demand customers
Following the misinterpretation of recent directive by the Nigerian Electricity Regulatory Commission (NERC) exempting hitherto unmetered maximum demand (MD) customers from paying bills, the Association of Nigerian Electricity Distributors (ANED) has clarified the order, stressing that residential (small demand) customers…
NERC begins consumer awareness drive, opens up on rights of electricity consumers
The Nigerian Electricity Regulatory Commission (NERC), the body empowered to meet the yearnings of Nigerians for stable, adequate and safe electricity supply, has taken the bull by the horn by releasing to the public, the rights of every electricity consumer….
