The electricity subsidy paid by the Federal Government surged to N181.63 billion in September, up from N102.30 billion in May, indicating a potential tariff increase for customers on Band A feeders. In April, the Nigerian Electricity Regulatory Commission (NERC) announced the removal of subsidies for customers on Band A feeders, raising their tariff to N225 … Read more
NERC has allocated ₦21 billion to DisCos for meter purchases, aiming to close the metering gap and improve efficiency in the Nigerian Electricity Supply Industry. EKO HOT BLOG reports that the Nigerian Electricity Regulatory Commission (NERC) has allocated ₦21 billion to electricity distribution companies (DisCos) for the purchase of meters for their customers. This funding, sourced … Read more
Eko Hot Blog reports that the house of representatives has asked the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of the new tariff. EDITOR’S PICKS JAMB And Candidates: A Case Study Of Nigerian Institutions’ Disdain For Nigerians Price Wars: Naira’s Counterattack And FG’s Bid To Address Escalating Prices EFCC’s Pursuit Of Portable: A … Read more
Eko Hot Blog reports that the Governors of the 36 states have united to address the issue of unreliable power supply in the country. According to reports, the Governors have agreed to take action to break the monopoly held by Discos in power distribution. Editor’s Picks Clean Sweep: APC Secures Landside Victory In Latest LG … Read more
Eko Hot Blog reports that The Nigerian Government has announced that it has settled $120 million out of the $1.3 billion gas debt. The gas debt has being a major determinant in the unresolved electricity supply challenge plaguing the nation. Recall that the electricity consumers in Nigeria have continued to suffer electricity outages since January … Read more
Eko Hot Blog reports that power distribution companies that are performing below stipulated standards in the Nigeria Electricity Supply Industry are going to lose 50 per cent of their operating expenditures, the Federal Government declared on Monday. According to PUNCH, the Federal Government made the declaration through the Nigerian Electricity Regulatory Commission at the 1st … Read more
Eko Hot Blog reports that Electricity distribution companies in the country have denied reports about plans to increase electricity tariffs beginning from January 1 2024. The denial follows some earlier reports which claimed the distribution companies (DISCOs) had concluded plans to hike electricity tariffs beginning from the first day of 2024. However, officials of some … Read more
Eko Hot Blog reports that the Federal Government has issued licenses to seventeen Independent Electricity Distribution Network operators, among which 11 are currently operational. The Federal Government revealed this in the 2022 Market Competition Report released on Tuesday by the Nigeria Electricity Regulatory Commission, an agency of the Federal Government. Editors Pick JUST IN: NDLEA … Read more