NERC
-
NERC transfers electricity oversight to Niger
The Nigerian Electricity Regulatory Commission (NERC) has issued an order to transfer regulatory oversight of the electricity market in Niger to the State Electricity Regulatory Commission (NSERC). The commission, in a statement on its X handle in Abuja on Friday, said that the transfer was in compliance with the Constitution and the Electricity Act (EA) 2023 as amended. The commission…
Read More » -
Featured
NERC transfers regulatory oversight of electricity market to Edo
The Nigerian Electricity Regulatory Commission (NERC) has  transfered 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 News Agency of Nigeria (NAN) in Abuja on Wednesday. The commission recalled that with the Electricity Act (EA) 2023, NERC retained…
Read More » -
economy
NERC transfers regulatory oversight of electricity market to Oyo state
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 was obtained by the News Agency of Nigeria (NAN) in Abuja on Tuesday. According to NERC, the transfer is in…
Read More » -
economy
NBET to exit electricity market as NERC licence multiple firms
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). This is according to an Order signed by NERC Chairman, Mr Sanusi Garba and Mr Dafe Akpeneye, the Commissioner, Legal,…
Read More » -
economy
Irregular power supply: Ex-MAN chairman urges NERC to penalise discos
Dr Wale Adegbite, former Chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, has advised the Nigerian Electricity Regulatory Commission (NERC) to penalise discos across the country for failing to fulfill their contractual obligations. Adegbite gave this advice while speaking with the News Agency of Nigeria (NAN) on Monday in Ota, Ogun. He spoke in reaction to the upward review of…
Read More » -
General News
Nigeria needs visionary leaders to save education from imminent collapse – Author
Dr. Bulus Danmagaji, author and retired Executive Director, Market Operations, Nigerian Electricity Regulatory Commission (NERC), says the nation’s education sector needs visionary leadership to save it from imminent collapse. Danmagaji, who also served as Human Resource Manager at Power Holding Company of Nigeria, spoke in Abuja on Saturday at the launch of a book titled “Leadership and Education Reform in…
Read More » -
economy
Tariff: FCCPC wants stiffer actions to protect consumers, backs NERC’s AEDC fine
The Federal Competition and Consumer Protection Commission (FCCPC) has appealed for robust and vigilant enforcement by NERC towards greater transparency in billing and electricity supply. A statement issued by the Acting Executive Vice Chairman of the Commission, Dr. Adamu Abdullahi, in Abuja on Sunday said the enforcement would ensure balance with the recently increased tariff for Band A customers. Abdullahi…
Read More » -
economy
Electricity hike: Experts urge FG to review 300% tariff increase
A power expert, Mr. Chinedu Bosah, has urged the Federal Government to review the 300 percent increase in electricity tariffs recently introduced by the Nigerian Electricity Regulatory Commission. Bosah, National Coordinator, Coalition for Affordable and Regular Electricity (CARE), made the appeal in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos. According to him, a comprehensive…
Read More » -
Metro
Reps minority caucus says hike in electricity tariff insensitive, inhuman
The Minority Caucus of the House of Representatives says the hike in electricity tariffs across the country by the Nigerian Electricity Regulatory Commission (NERC) is insensitive, inhuman, and uncalled for. Rep. Kingsley Chinda, the minority leader of the House of Representatives, said this in a statement on Friday in Abuja. He said such an abrupt hike placed an unbearable burden…
Read More » -
economy
Expert wants FG to reduce import duties on raw materials
An Expert in Power, Mr. Kunle  Olubiyo, has appealed to the Federal Government to reduce customs import’s duties and other critical statutory charges at the port of entry and land border. Olubiyo, who is also the President of the Nigeria Consumer Protection Network, said this on Thursday in Abuja while speaking to the News Agency of NAN about the recent…
Read More » -
General News
ATWAP Chairman laments hike in electricity tariff
The Association of Table Water Producers of Nigeria (ATWAP), Ogun Chapter, has decried the 300 percent increase in electricity tariffs approved by the Nigerian Electricity Regulatory Commission (NERC). Mr. Babatunde Lawal, state chairman of ATWAP, told the News Agency of Nigeria (NAN) on Thursday in Ota that the hike would further raise the cost of production. Lawal noted that electricity…
Read More » -
economy
CCPE hightlights urgency in addressing electricity value chain challenges
The Center for the Promotion of Private Enterprises (CPPE) has emphasised the need to address some fundamental issues in the electricity value chain. Its founder, Dr. Muda Yusuf, gave the advice on Wednesday in Lagos in reaction to reports of an electricity tariff increment for Band A consumers by the Nigerian Electricity Regulatory Commission (NERC). The News Agency of…
Read More » -
economy
Stakeholders decry 300% electricity tariff hike
Some power experts have expressed their dissatisfaction with the 300 percent increase in electricity tariffs approved by the Nigerian Electricity Regulatory Commission (NERC). In separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Lagos, the experts lamented that such an increase would further burden electricity consumers across the nation. NAN reports that the announcement of the tariff…
Read More » -
General News
NERC approves electricity tariff increase for customers on band A
The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in the electricity tariff paid by Band A customers from N68/KWh to N225/KWh. The News Agency of Nigeria (NAN) reports that Band A customers are those who enjoy electricity supply for 20 hours per day. Mr. Musliu Oseni, Vice Chairman, Nigerian Electricity Regulatory Commission (NERC), said this at a news…
Read More » -
General News
We disconnected UCH over N400 debts – IBEDC
The management of Ibadan Electricity Distribution Company (IBEDC) Plc says it was compelled to disconnect power supply to the University of Ibadan College Hospital (UCH) due to an outstanding debt. IBEDC’s Chief Key Accounts Officer, Johnson Tinuoye, said in a statement issued on Wednesday in Ibadan that the amount owed the company by UCH was N400 million. Tinuoye said that…
Read More » -
Electricity
NERC warns electricity consumers against buying transformers, poles for Discos
Hajia Aisha Mahmud, Commissioner, Customers Affairs, Nigerian Electricity Regulatory Commission (NERC), has cautioned electricity consumers against self-procurement of transformers, cables, and accessories without formal agreement with distribution companies. Mahmud gave the warning at the commission’s three-day Customer Complaints Resolution Meeting with Eko Electricity Distribution Company’s customers on Friday in Lagos. The News Agency of Nigeria (NAN) reports that customers at…
Read More » -
Electricity
NOA, NERC partner to resolve customers’ complaints on electricity
The National Orientation Agency’s (NOA) Kano State Directorate is to partner with the Nigerian Electricity Regulatory Commission (NERC) to resolve customers’ complaints about electricity. The News Agency of Nigeria (NAN) reports that the Acting Director of NOA in Kano State, Alhaji Salusu Garba, made this known during a road walk to mobilise the public for a three-day customer complaint resolution…
Read More »
