The Bureau of Public Enterprises (BPE) is set to list two electricity Distribution Companies (DisCos) and one generation company (GenCo) for the Initial Public Offer (IPO) in the Nigeria Stock Exchange market. The Director General, Mr. Ayodeji Gbeleyi broke the news during media briefing in Abuja today. He, however, refused to disclose the nam...
•Power transmission line State governments today demanded clarity from the federal government regarding equity ownership in the eleven privatised electricity distribution companies (DisCos) and the Niger Delta Power Holding Company (NDPHC). They also called for greater transparency and accountability in the administration of power sector subsi...
The federal government is now owing electricity Generation Companies (GenCos) and Distribution Companies (DisCos) over N4 trillion, according to the Minister of Power, Adebayo Adelabu. He broke the news today at a public presentation of the National Integrated Electricity Policy (NIEP) and Nigeria Integrated Resource Plan (NIRP) in Abuja, repo...
•Blackout The Nigerian Electricity Regulatory Commission (NERC) has directed the electricity distribution companies to downgrade customers in the Band A categories if they do not have enough capacity for supplies. Commissioner Licensing and Legal for NERC, Dafe Akpeneye revealed this today on Channels Television. According to him, if the DisCo...
•House of Representatives The House of Representatives has directed electricity distribution companies (DisCos) across Nigeria to undergo a recapitalisation exercise to the tune of N500 billion. This measure is aimed at strengthening their financial capacity to effectively deliver reliable electricity services to Nigerians, reports Daily Indep...
The Nigerian Electricity Regulatory Commission (NERC) yesterday warned electricity Distribution Companies (DisCos) not to forcefully migrate customers with faulty meters to estimated billing regime. The warning came as the regulator reiterated its directive that the DisCos owe the obligation to replace faulty and old meters at no cost to custo...
The Nigerian Electricity Regulatory Commission has ordered Electricity Distribution Companies to replace obsolete prepaid meters for their customers free. It said that, according to the Nigerian Electricity Supply Industry Act, it is the responsibility of DisCos to replace faulty and outdated prepaid meters for their customers. This mandate wa...
•Prepaid meters Electricity Distribution Companies in Nigeria have announced a rise in the price for various electricity meter models, marking the second price hike in four months. According to the DisCos, the cost of a single-phase meter has risen from approximately N117,000 to as much as N149,800, reports The PUNCH. This amount indicates an ...
Efforts by the federal government to ramp up power generation seem to be suffering a setback following the refusal of the electricity distribution companies to off-take the power allocated to them. The Minister of Power, Adebayo Adelabu, decried the rejection of power by electricity distribution companies, describing it as regrettable, reports...
The Nigeria Labour Congress, Trade Union Congress, and Organised Private Sector, yesterday faulted the latest hike in the electricity tariff payable by customers in the Band A Category. Following the depreciation of the naira against the United States dollar, and inflation, among other factors, the Nigerian Electricity Regulatory Commission ag...
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