About three million electricity customers in Nigeria risk falling into estimated billing or experiencing power outages for failing to upgrade their prepaid meters, following the expiration of a government policy deadline on November 24, 2024. Reports indicate that nearly half of the 5.9 million metered consumers are affected. EDITOR’S PICKS Japa: Russia Opens Doors to … Read more
Electricity distribution companies in northern Nigeria recorded losses of approximately N74bn between July and September 2024, amid persistent blackouts and national grid collapses, according to the Nigeria Electricity Regulatory Commission (NERC). In early November, the country experienced its 10th national grid collapse of the year, with the Transmission Company of Nigeria (TCN) confirming the incident. … Read more
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to Ikeja and Eko Electricity Distribution Companies (DisCos), cautioning them against disregarding its directive regarding meter replacements. FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, reaffirmed on Wednesday that the commission’s directive to halt all replacement activities involving Unistar meters remains in force … Read more
Electricity Distribution Companies (DisCos) in Nigeria have announced another price hike for various electricity meter models, marking the second increase within four months. As of November 5, 2024, single-phase meters are priced as high as N149,800, up from approximately N117,000, reflecting a 28.03% increase. EDITOR’S PICKS NASU, SSANU Strike Nears End As FG Promises Payment … Read more
The Nigerian Electricity Regulatory Commission (NERC) has announced that power distribution companies (Discos) may soon bear the cost of repairing faulty transformers and other infrastructure, a move aimed at ensuring more prudent management of electricity systems. NERC Chairman Sanusi Garba disclosed this during a public hearing on Thursday addressing the frequent collapses of Nigeria’s national … Read more
The Federal High Court in Lagos has dismissed a lawsuit filed by the Manufacturers Association of Nigeria (MAN) challenging the implementation of the Band A electricity tariff review by the Abuja Electricity Distribution Company (AEDC) and 11 others. The Nigerian Electricity Regulatory Commission (NERC) announced the ruling, delivered on Monday, which concluded that MAN’s case … Read more
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 not reverted to the old electricity tariff as directed by the House of Representatives due to a lack of official communication regarding the directive. EKO HOT BLOG reports that the Nigerian Electricity Regulatory Commission (NERC) has explained why it has not reverted to the old electricity tariff as directed by the House of Representatives. … 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
NLC, TUC Block Headquarters In Plateau Over Electricity Tariff Hike. They demand withdrawal of recent electricity tariff hike. Letter accuses NERC of collusion with electricity companies. EKO HOT BLOG reports that members of the Nigerian Labour Congress in Plateau State, along with the Trade Union Congress, on Monday staged a blockade at the headquarters of Jos … Read more
Eko Hot Blog reports that the Ikeja Electricity Distribution Company has announced a reduction in the price of electricity tariff for Band A customers. Ikeja Electricity Distribution Company announced the development on Monday in a memo on its official X account. The Company disclosed that the kilowatt electricity tariff for Band A customers was reduced from … Read more
Eko Hot Blog reports that the Nigerian Electricity Regulatory Commission (NERC) has unbundled the Transmission Company of Nigeria (TCN) by establishing the Nigerian Independent System Operator of Nigeria Limited (NISO). NERC made this known in a circular dated April 30. TCN is expected to transfer all market and system operation functions to the new company. … Read more
NLC and TUC Issue One-Week Ultimatum to FG Demand Reversal of Recent Electricity Tariff Hike Cite Inconsistent Power Supply, Impact on Economic Progress Eko Hot Blog reports that in a joint address on Wednesday in Abuja to commemorate the 2024 Workers’ Day, the presidents of the Nigerian Labour Congress (NLC) and the Trade Union Congress … 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 Electricity Fires MD/CEO Amidst Allegations. Termination follows Sanda’s suspension by EKEDP Board of Directors clears staff of corruption allegations but complies with NERC directive to suspend WPG Limited employees at EKEDP. EKO HOT BLOG reports that West Power & Gas Limited, the parent company of Eko Electricity Distribution Plc (EKEDP), has announced the termination of … Read more
NERC Chairman warns of potential ₦3.2 trillion subsidy burden if electricity tariff hikes are reversed. Financial strains in the power sector highlighted, including issues with gas supply and foreign exchange fluctuations. House Committee on Power acknowledges complexities, emphasizing the need for sustained investment and tariff adjustments. EKO HOT BLOG reports that the Chairman of the Nigeria … Read more
National grid collapsed again, causing power outage. Second collapse in less than a month. TCN working to restore power, highest loads in Abuja and Lagos. EKO HOT BLOG reports that the nation’s national grid has collapsed once again. The development left homes and businesses without power supply for several hours yesterday. This is the second … Read more
FG states that 85% of Nigerians are still enjoying electricity subsidy. Minister of Information highlights disproportionate subsidy distribution. New Electricity Act strengthens governance structure of NERC, enables severe sanctions on distribution companies. EKO HOT BLOG reports that despite the recent tariff hike announced by the Nigerian Electricity Regulatory Commission (NERC) for Band A customers, the Federal … Read more
Last week, electricity distribution companies (DisCos) started charging “Band A” customers a new tariff. The new tariff more than tripled the old rate. Despite the promise of providing power 20 hours a day, the DisCos have failed to deliver. Eko Hot Blog reports that electricity distribution companies (DisCos) are struggling to meet up with their … Read more
Major Highlights Of Minister Of Power’s Press Briefing In Abuja. Highlights include subsidy reduction, metering gaps, and infrastructure challenges. Tariff adjustment aims to address liquidity issues and incentivize improved service delivery. EKO HOT BLOG reports that the Minister of Power, Adebayo Adelabu, on Friday, gave necessary insight into his ministry’s activities and the plans of the … Read more