Electricity

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NERC fines 8 DisCos N628m for estimated billing infractions

NERC fines 8 DisCos N628m for estimated billing infractions

By Obas Esiedesa, Abuja The Nigerian Electricity Regulatory Commission, NERC, has sanctioned eight electricity distribution companies, DisCos, a total of N628 million for failing to comply with monthly energy caps for unmetered customers between July and September 2024. The Commission in a statement on Thursday listed the affected DisCos as Abuja, Eko, Enugu, Ikeja, Jos, […]

State participation in the provision of electricity within state borders

State participation in the provision of electricity within state borders

By Peter Ogbobine The Electricity Act of 2023 (“Act”) marked a significant departure from the previous legislation governing Nigeria’s electricity sector, specifically the Electric Power Sector Reform Act, EPSRA, of 2004. The Act consolidated various statutes, including ESPRA, and introduced several key provisions related to regulatory frameworks, tariff regulation, market structure, consumer rights, investment incentives and grid […]

How gas powered generators save businesses from high electricity bills

How gas powered generators save businesses from high electricity bills

Nigerians are known for their innovations and resilience in difficult situations. These characteristics have made many to survive the hardship that follows every policy implemented in the economy, especially that of price hikes. Following the increase in electricity tariff, Nigerians have applied all methods to reduce electricity consumption and save units, especially for those using […]

FG’s electricity subsidies to rise by 2.76% to N199.64bn in Dec – NERC

FG’s electricity subsidies to rise by 2.76% to N199.64bn in Dec – NERC

-Abuja N29bn, Ikeja N26bn top beneficiaries By Obas Esiedesa, Abuja The Nigerian Electricity Regulatory Commission, NERC, has disclosed that electricity subsidies payable by the Federal Government for the month of December has risen by 2.76 percent to N199.64 billion from N194.26 billion incurred in November. The Commission in its December 2024 Multi-Year Tariff Order, MYTO, […]