Over 62 per cent of Nigeria’s grid-installed electricity generation capacity was unavailable in 2024, deepening concerns about persistent The post 62% of electricity capacity idle last year as grid collapsed 26 times appeared first on The Guardian Nigeria News – Nigeria Read More
FG planning to clear N4trn debt owed GenCos – Ministry
The Federal Government says plans were on the way to offset the N4 trillion debt owed the Power Generation Companies (GenCos) for electricity generated. Mr Bola Tunji, Special Adviser, Strategic Communications and Media Relations, to the Minister of Power made Read More
NERC extends deadline for meter upgrade to January
The Nigerian Electricity Regulatory Commission (NERC) has extended the deadline for meter upgrades to January 1, 2025. NERC, in a statement on its official X account on Thursday, warned electricity distribution companies (DisCos) to ensure their customers’ meters are upgraded Read More
Power sector faces mounting market risks as GenCos cite concerns
Market risks arising from the transition of the Nigerian Electricity Supply Industry (NESI) towards a bilateral market may further compound electricity challenges in Nigeria unless concerted efforts are taken. The post Power sector faces mounting market risks as GenCos cite Read More
Government to evaluate activities in power sector
The Federal Government has said activities in the Nigeria Electricity Supply Industry (NESI) will be evaluated, managed and monitored with the aim of improving electricity access. The post Government to evaluate activities in power sector appeared first on The Guardian 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
‘Failed discretionary interventions in NESI driven by lack of data’
Stakeholders have linked the lack of reliable data in the Nigerian electricity industry to the failure in the interventions and policies being designed by the Federal Government, Central Bank of Nigeria, Nigerian Electricity Regulatory Authority (NERC) and others. The post Read More