NERC grants Ibom Power licence for additional 495mw

The Nigerian Electricity Regulatory Commission (NERC) yesterday granted a licence to the 190 megawatts (mw) Ibom Power to add 495mw to its plant in Akwa Ibom state. The plant, wholly owned by the state government, has been generating and transmitting power to the national grid from its three gas turbines –  the GT-1, which generates […]

NERC Targets 2,000MW from Renewable Energy

The Nigerian Electricity Regulatory Commission (NERC) has approved the application of a new regulation to stimulate investments that would give Nigeria up to 2000 megawatts (MW) of electricity generated from renewable energy sources in the next five years from now. The new law, ‘feed-in tariff regulations for renewable energy sourced electricity in Nigeria’ was reportedly […]

TUC vows to resist electricity tariff hike

The Trade Union Congress of Nigeria (TUC) has described the proposed increase in electricity tariff by the electricity distribution companies (DisCos) as an invitation to anarchy. It warned that organised labour would resist the move, adding that it is totally oppressive, indefensible and retrogressive. In a statement issued on Monday by its President, Bobboi Bala […]

Consumers, MAN, CSO reject electricity tariff hike

Electricity consumers, acting under the aegis of Nigeria Electricity Consumer Advocacy Network (NECAN), the  Manufacturers Association of Nigeria (MAN) and a group,  Say No Campaign-Civil Society Organisation (CSO), yesterday rejected attempts by the Nigeria Electricity Regulatory Commission (NERC) to hike electricity tariff. Representatives of the groups, who spoke during public consultation on  Extra-Ordinary Tariff of […]

New Electricity Rates to Undergo Socio-economic, Political Assessment – NERC

NERC has said that new electricity rates will undergo socio-economic and political Assessment. The final outcome of an ongoing review of retail electricity rates to be charged by electricity distribution companies (Discos) in the Nigerian electricity market would be presented to the Federal and State governments to assess the socio-economic implications of any increase or […]

NERC fines Ikeja Disco N131.4m for not supplying paid meters

The Nigerian Electricity Regulatory Commission (NERC) has handed a fine sum of N131,400,000 to Ikeja Electricity Distribution Company (IKEDC) for not metering customers who paid for meters within 45 days. Daily Trust reports that NERC had ordered the 11 Distribution companies (Discos) on August 17, 2015 to satisfactorily explain customers’ status that paid for meters under […]

Poor Electricity Distribution Infrastructure Threatens NERC’s 6,000MW Target

Poor electricity distribution facilities across the country may jeopardise plan by the Nigerian Electricity Regulatory Commission (NERC) to see on-grid electricity generation hit 6, 000 megawatts by the end of 2015, the regulatory agency has revealed. NERC said that preliminary report of the technical committee it recently set up to drive the realisation of the […]

Lagos Electric Company Plans to Cut Fixed Charge Price by 50%

The Ikeja Electricity company has moved to reduce the fixed charges for power consumption being paid by its customers by 50 per cent. Household consumers under Ikeja Electric and the other power distribution companies currently pay N750 as fixed charge monthly. If the proposal to reduce the charge is approved, customers will be paying N375. […]

Nigerians Likely To Pay More as NERC Lifts Temporal Ban On Electricity Tariff Increase

The Nigerian Electricity Regulatory Commission (NERC) has lifted the temporal ban it placed on electricity tariff increment for residential customers nine months ago. The ban was lifted by the commission during a presentation yesterday in Abuja at a public consultation on the minor review of the Multi-Year Tariff Order (MYTO 2.1). The commission disclosed that […]

NERC, Operators to Adjust Electricity Tariff Based on Current Realities

Adjustments to run through presidency, customers for policy decision, buy-in  Average tariff dips from N26 to N23 per kilowatt hour The Nigerian Electricity Regulatory Commission (NERC) and major stakeholders in Nigeria’s electricity sector; the distribution companies (Discos), generators (Gencos) and the Transmission Company of Nigeria (TCN) have begun the process of adjusting retail electricity tariff […]

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