Press Statement: The Transmission Company of Nigeria wishes to notify consumers of electricity that the current load shedding being experienced nationwide is as a result of very low power generation by the Generation Companies (GENCOs) for TCN to wheel through the transmission grid to distribution companies nationwide. The media has been awash with reports that […]
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Electricity market revenue grew by 10.55 per cent to N272.47 billion in the second half (July-December) 2020, compared to N246.46 billion generated in the corresponding period of 2019, according to the latest industry data obtained by Energy Vanguard. The growth followed an intervention from the Presidency through the Central Bank of Nigeria, which imposed restriction […]
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The Nigerian Electricity Regulatory Commission has warned that under no circumstances should a customer be placed on estimated billing on account of the failure of a power distribution company to install a replacement meter. The commission warns that DISCOs must desist from such acts henceforth, following complaints from customers. This directive is contained in a document […]
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The Nigerian Electricity Regulatory Commission (NERC) has mandated the electricity Distribution Companies (DisCos) to replace faulty and obsolete meters for their customers. The effective date, according to the commission, was on March 4, 2021. This was made known in the Order No. NERC/246/2021 the commission issued on March 4, 2021. Titled: “In the matter of […]
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Investors in the Abuja Electricity Distribution Company (AEDC) have reshuffled the governing board of the Distribution Company (DisCo) with Engr. Joe Makoju as the proposed chairman. This is coming seven years after the power sector privatisation through which the DisCo was acquired from the defunct PHCN by private investors. AEDC was acquired by KANN Utility […]
Continue ReadingElectricity Distribution Companies (DisCos) on Sunday commenced implementation of revised electricity tariffs. The revised tariffs are based on the decision of the technical committee set up to review the September 1 cost-reflective tariffs, whose implementation was temporarily halted after organised Labour threatened nationwide strike. The Committee is headed by Minister of State for Labour and […]
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Talks between the Federal Government and Labour on electricity tariffs increase will resume next week, Minister of State for Labour and Employment, Festus Keyamo (SAN), said on Thursday. The seven-man technical sub-committee set up to review the increase in electricity tariffs will meet with power Distribution Companies (DisCos) and electricity consumers across the six geo-political […]
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The federal government has again suspended the implementation of the new electricity tariffs for one week. The government had earlier on September 28 postponed the take-off date of the tariffs by two weeks after it held a meeting with the organised labour, which was opposed to the hikes in petroleum and electricity prices. The latest […]
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By Adetayo Adegbemle The call by the DISCOS for the inclusion and execution of a comprehensive audit of the entire power sector as one of the conditions that must be met to guarantee their participation in the audit is not only preposterous but also the usual calculated move by the DISCOS to deter the initiative. […]
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