Tag Archives: DISCOS

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Why Discos Want Cost-Reflective Electricity Tariffs

Why Discos Want Cost-Reflective Electricity Tariffs

There is the impression out there that the new utility owners are not doing enough to improve service. What challenges do Discos face? Every investor that invests in a business will want to do it well so that they can make profit. The more electricity we distribute, the more profit we shall make. It is

No justification for electricity tariff hike – Stakeholders

Nigerians have been thrown into confusion over whose authority supersedes on the issue of electricity tariff increase. No sooner than President Muhammadu Buhari assured Nigerians that there will be no hike until supply improved significantly, the Nigerian Electricity Regulatory Commission, NERC, last week declared a new tariff regime effective from November 1. Stakeholders noted that

Power firms adjusting electricity tariffs – NERC

The public outcry against the plans by power distribution companies to increase electricity tariffs may have forced some of them to effect corrections to the proposals they submitted to the Nigerian Electricity Regulatory Commission. According to NERC, some Discos are providing clarifications sought by the commission’s technical team that is currently working on their applications,

Ikeja Electric begins massive installation of smart meters

The management of Ikeja Electric on Wednesday said the company was set to embark on massive installation of smart meters within the zone in September. Mr Abiodun Ajifowobaje, the Chief Executive Officer, announced this at a consultation meeting on tariff review with the Manufacturers Association of Nigeria (MAN) ,professional bodies and association in Lagos. Ajifowobaje

Electricity: NERC orders review of fixed charges

The Nigerian Electricity Regulatory Commission, NERC, has directed electricity Distribution Companies (Discos) to urgently restructure their fixed charges in order to ensure no Nigerian is made to pay for electricity not consumed. The Discos have also been directed to discontinue the practice of bulk metering. The action of NERC is in line with an earlier

Regulator threatens electricity firms for exploiting unmetered customers

Dissatisfied with the level of implementation of the Credited Advance Payment for Metering Implementation by majority of the power distribution companies, the Nigerian Electricity Regulatory Commission has said it will soon commence enforcement of compliance with the terms of of their operational license. Consequently, the Commission said on Thursday that the DISCOs have been given

FG kicks against fixed electricity charges

The federal government has said the monthly fixed charges component of the electricity tariff collected from Nigerian consumers is not “a very good thing.” The permanent secretary of the ministry of power Godknows Igali stated this yesterday while addressing State House journalists after briefing President Muhammadu Buhari on the activities of the ministry. Igali also

Power Bulk Trader to Cut PPAs Negotiations Timeline to Six Months

The Nigeria Bulk Electricity Trading (NBET) Plc said it has made some major improvements in the content of Power Purchase Agreements (PPAs) to be negotiated and deployed by potential investors for setting up greenfield power generation plants in Nigeria. NBET,  which is also referred to as the bulk trader, procures bulk electricity from generation companies

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