Ikeja Electricity Distribution Company has announced an addition of 34 new Band A feeders to its network with a view to increasing power supply to customers. This development took place after a monitoring and evaluation of power supply capacity by the Nigerian Electricity Regulatory Commission (NERC). The Disco, in an X (formerly Twitter) post said: […]Read More
By Babatunde Osadare, Energy Analyst Recent developments in the Nigerian Electricity Supply Industry have sparked intense debate about the appropriate electricity pricing. Recall that pricing is a key element as we accelerate towards universal access that is affordable, reliable, and modern by 2030. Debate background The cost of electricity in Nigeria, compared to average global […]Read More
In adherence to the directive issued by the Nigerian Electricity Regulatory Commission (NERC) to all 11 electricity distribution companies across Nigeria, the Benin Electricity Distribution Company (BEDC) has made public a comprehensive list of Band A feeders within its franchise states. The unveiling of this list occurred via a post on DisCo’s official X platform […]Read More
Geregu Power, Nigeria’s first publicly listed power business, has reported N50.4 billion in revenue for the first quarter of 2024. This is over 3.5 times the N14.2 billion revenue reported during the same period last year. The company followed up on its performance with even greater bottom-line profitability growth. Its pre-tax earnings for the time […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has issued a set of guidelines for the 11 electricity distribution companies (DisCos) in response to the recent rise in electricity tariffs for Band A customers. NERC said in an order signed by Abba Terab, DGM (Market Competition & Rate) of the Commission, that the DisCos must provide as […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has sanctioned Abuja Electricity Distribution Plc (AEDC) with a hefty fine of ₦200 million for failing to adhere to its tariff guidelines, creating a stir among consumers and industry stakeholders alike. The fine comes in the wake of the Supplementary Order to the Multi-Year Tariff Order for 2024, issued […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has approved the increment in the tariff payable by electricity customers to N225/kWh. Musiliu Oseni, the vice chairman of the commission, who brief journalist in Abuja on Wednesday made this known, saying that the increased tariff is expected to take effect immediately. This development follows the recent increase of […]Read More
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced a new base price for natural gas at $2.42 per Million British Thermal Unit (MMBTU) for power sector and $2.92 for commercial users. The agency announced the new domestic base price and wholesale prices of natural gas for 2024 in a statement on Monday. […]Read More
The management of Ikeja Electric Plc, one of Nigeria’s leading electricity distribution companies, has attributed the ongoing power service disruption experienced by its customers to significant load restrictions across several of its transmission load centres. In an official communication addressed to its valued customers on Tuesday, the company expressed regret for the inconvenience caused and […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has mandated all electricity distribution companies (DisCos) in Nigeria to procure at least 10 percent of their contracted energy offtake from embedded generation sources, half of which must be procured from renewable energy sources. This is expected to be made available by April 1, 2025. For example, Abuja Disco […]Read More
Copyright © 2022, Energy Planets. All rights reserved
Join our mailing list to receive the latest news and updates from our team.