The Minister of Power, Abubakar Aliyu said electricity companies that fail to deliver assigned volumes will face penalties under newly agreed contracts. The step will be taken as part of measures to boost power supply in the country,...
Nigerian Electricity Regulatory Commission (NERC) is to review electricity tariffs from July 1, 2022, about six months after carrying out a similar exercise In a memo marked: “Notice Of Compliance in Respect of the Biannual Review...
Power supply from the National Grid fell by 25.3 percent to 3,320.70 Megawatts on yesterday from 4,446.02MW recorded last Sunday, with only 19 power generation companies on the grid. The largest electricity supplier was Egbin Power...
The Chairman, Nigerian Electricity Regulatory Commission, Mr Sanusi Garba, says the agency has not approved tariff rate review in the power sector in recent times. Garba told journalists in Abuja on Friday that the last tariff...
Six power distribution companies (DisCos) have been given approval from the Nigerian Electricity Regulatory Commission (NERC) to increase tariffs. According to a document issued on December 29, 2021, and signed by Sanusi Garba, NERC chairman, and...
The Nigerian Electricity Regulatory Commission on Wednesday said that subsidy on power amounting to about N600bn has now been stopped by the Federal Government. It explained that electricity tariffs were raised in February this year, and...
Senate has confirmed nominees of President Muhammadu Buhari as National Commissioners for the Nigerian Electricity Regulatory Commission (NERC) and the National Population Commission (NPC). The confirmation of four NERC nominees on Wednesday at plenary followed the...
The indebtedness of power distributing companies to the Nigerian Bulk Electricity Trading Company Plc and the Market Operator of the sector rose to N326bn between January and September 2021, the Federal Government has said. Latest data...
The Nigerian Electricity Regulatory Commission (NERC), has said that the United Bank for Africa (UBA) has taken over 60 percent equity of private investors in Abuja Electricity Distribution Company (AEDC) to recover its acquisition loans...
The Nigerian Electricity Regulatory Commission (NERC) has announced an average of 31.53 per cent increase in the unit cost of meters - effective from 15th November 2021. According to a circular dated 11th November, 2021, which...