Nigeria, recently, began the process of implementing gradual increases in the end-user tariff for electricity to move towards a liberalised market, where the Federal Government no longer bears the burden of tariff shortfall The post Tariff Hike: Concerns about renewable Read More
FG owes DisCos over N100b, budgets N40b in 2024
Despite pushing for a cost-reflective tariff in the country and improved revenue in the sector, the federal government, alongside its ministries, departments and agencies (MDAs), owes electricity bills worth over N100 billion. The post FG owes DisCos over N100b, budgets Read More
Stakeholders urge customers to guide against meter update fraudsters
Stakeholders have called on customers to be wary of fraudsters who would take advantage of the prepaid meter update claiming to be from electricity distribution companies (DisCos). The post Stakeholders urge customers to guide against meter update fraudsters appeared first Read More
Give consumers three days notice before disconnection, Court tells DisCos
A High Court in Lagos has mandated electricity companies to give consumers three working days’ notice before interrupting their supply. The post Give consumers three days notice before disconnection, Court tells DisCos appeared first on The Guardian Nigeria News – Read More
Consumer group urges new government to break DisCos’ monopoly
Nigeria’s ailing power sector may totally collapse if the incoming government fails to take urgent steps in reviewing extant privatisation exercise and tackle the lingering corruption in the sector, Nigeria Consumer Protection Network (NCPN) has said. The post Consumer group Read More
‘How to improve DisCos’ poor performance years after privatisation’
The distribution segment of the Nigerian Electricity Supply Industry has again been rated the weakest amidst push by stakeholders to address the lingering challenges bedeviling electricity sector in Nigeria. Energy consultant, Nextier, Alex Aloko, who said a level of progress Read More
Stakeholders react over CBN’s roles in power, take-over of DisCos
Stakeholders have said the interventions of the Central Bank of Nigeria (CBN) in the takeover of the distribution companies remain crucial to the survival of Deposit Money Banks (DMBs) as well as over N2.9 trillion government interventions in the sector. Read More
Stakeholders seek leeway for DisCos, NERC despite harsh business environment
Experts in Nigeria’s power sector have called for improvement in the operations of distribution companies as well as the sector’s regulator, Nigerian Electricity Regulatory Commission (NERC) despite the harsh business environment in the country. The post Stakeholders seek leeway for Read More
FG to pay N40bn MDAs’ debt to DisCos as financial crisis persists
As Nigeria Electricity Supply Industry continues to gasp over growing financial illiquidity, the Federal Government may spend about N40 billion to reduce outstanding electricity The post FG to pay N40bn MDAs’ debt to DisCos as financial crisis persists appeared first Read More
Revisiting electricity market of more charges, less power supply
The power sector was privatised by the Federal Government on November 1, 2013, with the expectation that supply to homes and industries would by now exceed 40, 000 Megawatts (MW). The post Revisiting electricity market of more charges, less power Read More