Lagos Takes Control of Electricity Regulation from NERC The Nigerian Electricity Regulatory Commission (NERC) has handed over control of Lagos State’s electricity market to the Lagos State Electricity Regulatory Commission (LASERC). This decision follows the amended Constitution of Nigeria and the Electricity Act 2023. It comes just two weeks after Governor Babajide Sanwo-Olu signed the … Read more
The Nigerian Electricity Regulatory Commission (NERC) has revealed that the federal government’s electricity subsidies increased by 2.76 percent in December 2024, reaching ₦199.64 billion, up from ₦194.26 billion in November. In its December 2024 Multi-Year Tariff Order, published on Tuesday, the commission also announced that electricity tariffs across all customer categories would remain unchanged. EDITOR’S … Read more
The Nigerian Electricity Regulatory Commission has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences EKO HOT … Read more
Hon. Victor Nwokolo, Chairman of the House Committee on Power, emphasized that electricity tariff increases must be fair and just. Minister of Power, Adebayo Adelabu, stated that higher tariffs under band A reduced the electricity subsidy from N3 trillion to N1 trillion. Nwokolo stressed that the Nigerian Electricity Regulatory Commission (NERC) must follow regulatory due … Read more
NERC Lifts Restrictions On DISCO Meter Prices, Introduces Competitive Bidding Process. Prices for single-phase and three-phase meters revised as per ORDER NO: NERC/2024/040. Competitive bidding process now determines meter prices, offering customers a choice of vendors. EKO HOT BLOG reports that the Nigerian Electricity Regulatory Commission (NERC) has authorized the deregulation of meter prices for DISCOS … 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
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
Labour Party in Lagos urges Tinubu-led government to rethink electricity tariff hike. Concerns raised over NERC’s 300% tariff increase, citing potential economic strain. LP suggests tariffs should not exceed 25%, advises against subsidy removal. EKO HOT BLOG reports that the Lagos chapter of the Labour Party (LP) has called on the Bola Tinubu-led Federal Government to … Read more
Eko Hot Blog reports that the Nigerian Electricity Regulatory Commission (NERC), has explained that not all Nigerians would be affected by the recently-announced increase in electricity tariff by the government. The Federal Government, via the Nigerian Electricity Regulatory Commission (NERC), approved an increase of 300 per cent in electricity tariff for some consumers as revealed … Read more
Eko Hot Blog reports the Socio-Economic Rights and Accountability Project (SERAP) has announced plans to sue the government of President Bola Tinubu over the increase in the price of electricity tariff. Recall that had the federal government had earlier announced an increase in the kilowatt price of tariff from about N68 to N225 per kilowatt. … Read more
NERC approves electricity tariff increase for Band A customers, raising the rate to N225 per kilowatt-hour from the current N66. Band A customers, enjoying 20 hours of electricity daily, represent 15% of Nigeria’s 12 million electricity customers. The tariff review is aimed at attracting new investment and reducing subsidies, as power companies seek to raise … Read more
Eko Hot Blog reports that the Governor of Oyo State, Seyi Makinde, has signed the Oyo State electricity regulatory commission bill into law. Mr Makinde, while signing the bill on Friday, said the law will enable the state to generate, transmit and distribute electricity within the state. He said that with the law, residents will … Read more
Eko Hot Blog reports that the Federal Government has ordered power distribution companies to deploy customer engagement platforms within the next three months, beginning from September 1, 2023. The directive meant the Discos must install the facilities before January 2024. It gave the order through the Nigerian Electricity Regulatory Commission, and explained that the directive … Read more
The Nigerian Electricity Regulatory Commission (NERC) has expressed its intention to commence enforcement action against 7 electricity distribution companies (DisCos) over their failure to comply with the orders to cap estimated bills to customers. This was disclosed by NERC in a tweet post on their official twitter handle on Tuesday, June 9, 2020. READ ALSO: https://ekohotblog2.com/2020/06/10/nbs-79-households-suffer-income-decline-due-to-covid-19-scourge/ The … Read more