The Federal Government spent N628.61 billion as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08 trillion during the same period, the latest industry data obtained from the Nigerian Electricity Regulatory Commission during the…
…As IBDEC, Ikeja Electric announce reduction in tariff The Nigerian Electricity Regulatory Commission (NERC) has approved a downward review of electricity tariff for Band ‘A’ customers from N225/kWh to N206.80 Under the approved review, Band ‘A’ customers who were previously…
The Minister of Power, Chief Adebayo Adelabu, has said that the federal government would sell off the five electricity Distribution Companies (DisCos) now under the management of banks and Asset Management Company (AMCON) in the next three months to reputable…
Electricity report recently published by the National Bureau of Statistics has revealed that the total customer numbers of Electric Distribution Companies (Discos) in Q4 2023 stood at 12.12 million from 11.71 million in Q3 2023, showing an increase of 3.46 percent.…
The Transmission Company of Nigeria (TCN) has revealed that power allocation to Distribution companies (DisCos) rose to 3155MW. The Commission was responding to news making the rounds that power generation on Thursday, April 11, 2024, dropped by 32.31 percent to…
The Nigerian Electricity Regulatory Commission (NERC) has said it should be the priority of power distribution companies to meter all customers on Band A feeders. This came barely one week after the NERC approved over 200 percent tariff hike for…
The Nigerian Electricity Regulatory Commission (NERC) has given 11 electricity distribution companies till April 11, 2024, to refund customers wrongly billed at the new rate. This was contained in a document signed by the DGM, Market Competition and Rates, Mr Abba…
…As unmetered customers hit 5.8m Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed. The figure represents an increase of…
Eleven electricity distribution companies in the country received a total of 2,577.60GWh of electricity, valued at N130.92 billion in January 2024, according to the Nigerian Electricity Regulatory Commission, NERC. The DisCos are Abuja, Benin, Eko, Enugu, Ibadan, Ikeja, Jos, Kaduna,…
The eleven Electricity Distribution Companies (DisCos) in Nigeria obtained a combined N273.34 billion loan from the Central Bank of Nigeria to purchase 414,000 meters and enhance their distribution capacity nationwide. This is contained in a recently released report from CBN…
