By Udeme Akpan Power supply to 11 Electricity  Distribution Companies, DisCos and export dropped by 29.4 percent to 24,772 megawatts, MW in the first nine months (January – September) of 2021, from 35,103MW, in the corresponding period of 2020, according to the latest report of the Nigerian Electricity Regulatory Commission, NERC. In its latest report, […]

By Obas Esiedesa Revenue remittance by Electricity Distribution Companies (DisCos), to Nigerian Bulk Electricity Trading Company (NBET) fell in the second quarter of this year by 22.64 per cent to N91.3 billion compared to N111.81 billion recorded in the first quarter, latest data have shown. According to data obtained from NBET, the 11 DisCos remitted […]

By Ediri Ejoh The liquidity situation in Nigeria’s power sector has continued to witness downturn as the indebtedness of the Distribution Companies, DISCOs to Nigerian Bulk Electricity Trading Plc, NBET, increased to N510.53billion in 2020, indicating an increase of 11.2 per cent compared to N453.14billion, recorded in the corresponding period of 2019. This debt profile […]

The Nigerian Electricity Regulatory Commission (NERC) says the 11 Electricity Distribution Companies (DisCos) received 203,116 consumers complaints in the 2nd quarter of 2020. The commission disclosed this in its 2020 second quarter report on its website on Wednesday in Abuja. “During the second quarter of 2020, the 11 DisCos received 203,116 complaints from consumers, indicating […]

By Victor Ahiuma-Young Nigeria Labour Congress, NLC, has rejected the new hike in electricity tariff by the Federal Government, noting that the Nigeria Electricity Regulatory Commission, NERC, was conniving with electricity providers against Nigerians, and undermining the system and ongoing negotiations. The union said Organised  Labour would resist the new hike, as it would kill […]