Business Hilights

Tracking Nigeria's Headline Business News Online

Power Distribution Companies (Discos)

Discos’ demand for subsidy: Another boil in the buttocks loading?

As Nigeria and Nigerians still remain confused on the real status of the endless removal of fuel subsidy, storng indications have emerged showing that another avoidable regime of subsidy is loading in the nation’s electricity sector. This stemmed from the…

Discos’ poor installations, constructions behind rising consumers’ electrocution

The true cause of momentary electrocution of Nigerian electricity consumers’ have been identified and stringent measures and regulation introduced by the Federal Government to tame the scourge going forward. Otherwise, the Federal Government is officially considering the prosecution of power…

Revealed: How Discos gain from not evacuating all produced electricity

An independent investigation carried out by an aggrieved Nigerian electricity consumer, Citizen Emma Anya has painted an annoying picture of how power Distribution Companies (Discos) bleed Nigerian residential consumers. According to him, “When Power, Housing and Works Minister, Mr Babatunde…

Consumers lose N170bn to estimated billing as Discos lose N30b on power theft monthly

Nigerians that are on estimated billing in their monthly access to electricity are losing about N170 billion to the tariff payment formula which power Distribution Companies (Discos) are not willing to stop due to their claims of paucity of funding….

Prepaid meters coming enmasse as NERC names 22 firms to buy, install meters

Barely two months after the approval of the Meter Asset Provider Regulations (2018), the Nigerian Electricity Regulatory Commission (NERC) weekend, announced the clearance of not less than 22 companies to procure and install meters for power consumers across the country….

Discos to install statistical meters on transformers to end crazy bills on customers

Indications emerged over the weekend showing that power Distribution Companies (Discos) in Nigeria are set to install statistical meters on all distribution transformers to tame incidences of crazy bills. An expert who was part of the meter design team told…

Will Discos accept, connect meters sourced differently by customers’?

Though the lead regulatory agency in Nigeria’s power sector, the Nigerian Electricity Regulatory Commission (NERC) on Monday announced the taming of power distribution companies (Discos) from being sole suppliers’ of prepaid meters, there are indications that Discos may revert to…

Gencos now reducing generation due to rejection by Discos

To limit increasing wastages due to growing rejection of loads by power Distribution companies (Discos), some power Generation companies (Gencos) has started reducing investments in power generation as part of cost economics. Leading hydro electric power producers, Jebba and Kainji…

Lack of commercial viability forcing us to reject power—Discos open up

The spokesman of the Association of Nigerian Electricity Distributors (ANED) and Director of Advocacy and Research, Sunday Olurotimi Oduntan in Abuja on Thursday opened up on why many power Distribution Companies (Discos) engage on load rejection. Nigeria is currently serviced…

Why lead labour unions oppose FG’s N39bn loan to Discos

Leading labour unions in Nigeria’s energy sector, the National Union of Electricity Employees (NaUEE) and the Senior Staff Association of Electricity and Allied Companies (SSAEADC), has joined the Trade Union Congress (TUC) to mount opposition campaign against the planned release…