The Nigerian Electricity Regulatory Commission (NERC) has given the green light for an increase in electricity tariffs, impacting Band A customers who currently receive 20 hours of power supply daily. Mr. Musliu Oseni, Vice Chairman of NERC, announced this decision during a press conference held in Abuja on Wednesday. Oseni highlighted that Band A customers Read More…
Nigeria’s government is exploring a strategic shift, considering relinquishing its 40% stake in 11 power distribution companies (DISCOs) to state governments in a bid to enhance oversight and combat the nation’s longstanding power deficits. Adebayo Adelabu, Nigeria’s Minister of Power, revealed plans to potentially exchange federal shares in the DISCOs for stakes in the Niger Read More…
Electrical power is essential in today’s homes, businesses, and manufacturing facilities. In Nigeria, as in the rest of the world, we rely heavily on it. However, the development of Nigeria’s electricity market has been fraught with challenges and opportunities that have far-reaching effects. Let your mind wander to a time when the lights came on, Read More…
Schneider Electric has developed intelligent equipment that will help electricity distribution companies (DISCOs) and others to fix major faults in the nation’s grid system and restore power after disruption within minutes. The equipment is known as “Self-Healing Grid’’ solution with minimal human intervention, the leading digital transformation, energy management and automation giant said. The Head of Read More…
Power Distribution Companies (DisCos) have advocated a Central Bank-funded massive meters roll-out project, to ensure that electricity customers were adequately metered. The DisCos said on Thursday in Abuja that the massive roll-out of meters would assist in the full take off of the proposed Service Reflective Tariff (SRT). Mr Sunday Oduntan, Executive Director, Research and Read More…
Electricity Distribution Companies (DisCos) have appealed to the Federal Government to intervene in gas pricing for power generation to ensure effective service delivery. Mr Sunday Oduntan, the Executive Director Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), made the call in a statement in Abuja on Saturday. Oduntan said that the cost of gas remained Read More…
The Electricity Distribution Companies (DISCOs) have urged the Federal Government to intervene in the heavy import duties they used to pay for imported meters. They said that such an intervention would help to mitigate delays they usually encountered when clearing meters at the ports in a statement signed by Mr Sunday Oduntan on Friday in Read More…
