Tag Archives: NERC

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Gas Supply, Electricity Billing Stalls Nigeria Power Sector, Two Years After Privatization

Gas Supply, Electricity Billing Stalls Nigeria Power Sector, Two Years After Privatization

Two years into the privatisation of the power sector, electricity supply in the country continues to hover between 3,500 megawatts and 4,500 megawatts, as was the case before the unbundling of the defunct government-owned Power Holding Company of Nigeria. The nation’s power sector, which was largely handed over to private investors on November 1, 2013, is

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Renewable Energy to generate 2, 000mw of electricity in 2020

The Nigeria Electricity Regulatory Commission (NERC) has stated that through regulation, the renewable energy would generate 2, 000mw of electricity in the year 2020 According to the statement from NERC Public Relations Affairs, “the law, Feed-in Tariff Regulations for Renewable Energy Sourced Electricity in Nigeria”, was approved at the last regulatory meeting of the Commission.

NERC to apply principles of prudence, affordability in tariff review

Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi has said the commission would apply the principles of prudence and affordability in the current upward review of electricity tariffs in the country. Amadi gave the clarification against the backdrop of reports that NERC would increase the tariffs by 40 per cent. The NERC

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,

Electricity tariffs to rise by 40% next month

Plans have been concluded to increase electricity tariffs by as much as 40 per cent for some customers next month as a fall in the value of the naira and rising costs hinder efforts to end daily blackouts in Africa’s largest economy. “We are working on the numbers and going through the processes,” Bloomberg quoted the Chairman,

TUC vows to resist increase in electricity tariff

Trade Union Congress of Nigeria, TUC, has said it would resist any attempt to raise electricity tariff, which it said was already prohibitive. In a statement issued yesterday signed by Comrade Bobboi Bala Kaigama, President and Comrade Musa Lawal, Secretary-General, the TUC said any tariff hike would be an invitation to anarchy. In the statement

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