By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has given six states the authority to regulate their electricity markets on Tuesday. In a statement by the Commission on X (formerly Twitter), Enugu, Ekiti, Ondo, Imo, Oyo, and Edo States…
Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Edo to the State Electricity Regulatory Commission (ESERC). This is contained in a document posted on the commission’s website, a copy of which was obtained by…
The Nigerian Electricity Regulatory Commission (NERC) has granted permits for mini-grid electricity generation to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others. In Q1 2024, NERC issued nine new off-grid generation licenses totaling 109.69 megawatts, along…
The Nigerian Electricity Regulatory Commission’s (NERC) recent directive for Distribution Companies (DisCos) to transition away from the single-buyer model contract with energy generation companies (GenCos) has sparked significant controversies in the power sector. This is even as Nigerians will pay…
In the first quarter of the year, Nigeria’s total electricity generation dropped by 901.94 GWh compared to the previous quarter of Q4, 2023. This indicates a decline of 9.1 percent from 9,789.87GWh in 2023/Q4 to 8,887.93GWh in the period under…
The Oyo State Government has obtained the approval of the Nigerian Electricity Regulatory Commission (NERC) to regulate electricity in the state. Recall that former President Muhammadu Buhari-led administration had signed into a law proposing the devolution of powers in the…
The Nigerian Electricity Regulatory Commission (NERC), says it has transfered regulatory oversight of the electricity market in Oyo to the State Electricity Regulatory Commission (OSERC). This is contained in an order posted on the Commission’s website, a copy of which…
Nigeria’s payment of subsidy on electricity has gulped a total of N633.30bn in the first quarter of 2024. This figure represents an increase of 151% from N252.76bn previously reported by the Nigerian Electricity Regulatory Commission (NERC). In its latest data,…
The Nigerian Bulk Electricity Trading Plc (NBET), is set to exit the electricity market as the Nigerian Electricity Regulatory Commission (NERC) licences multiple firms. These firms are to buy and sell electricity in bulk from the Power Generation Companies (GenCos).…
The Chairman of the Nigerian Electricity Regulatory Commission, NERC, Sanusi Garba, has announced that the Commission has established regulatory frameworks to support investors in renewable and distributed energy generation. Speaking at the Summit on Accelerating Scale-up of Renewable and Distributed…
