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NIGERIAN ELECTRICITY REGULATORY COMMISSION (NERC)
The Manufacturers Association of Nigeria (MAN) said that its members’ expenditure on alternative energy went up from N77.22 billion in 2021, to N144.5 billion in 2022, indicating an 87% increase in the cost of access to alternative energy sources.
Phase zero of the metering scheme saw over one million meters provided, and the first phase of the initiative will make available four million meters to customers.
NERC said electricity distribution companies (DisCos) in Nigeria averaged a collection efficiency of 67.36% in Q1 2022
Former NERC Chairman Dr. Sam Amadi, said the lack of creditworthiness has made it difficult to maximize Nigeria's gas-to-power sub-sector
The issue of a lack of transparency in Nigeria’s power sector has been a topical one. Some industry stakeholders have identified several areas where transparency was not put into practice
The Asset Management Corporation of Nigeria (AMCON) has appointed itself as receiver/manager over all assets of the Integrated...
The Nigerian Bulk Electricity Trading (NBET), has reported that Electricity Distribution Companies (DisCos) had market receipts of N26.811...
In May 2017, erstwhile Minister for Power, Works and Housing, Babatunde Raji Fashola, in line with Section 27...
Under the policy, customers are to pay for electricity in correlation with the level of service they get and how long they receive power daily.
The NERC said the approved upgrades would improve the distribution of power supply by the DisCos.
NERC commenced the process of reviewing the Meter Asset Provider Regulations 2018 to end the perennial challenges with estimated billing in Nigeria.
NERC says the DisCos and TCN will be charged for varying faults on their part in the electricity supply process.