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
The Management of Ibadan Electricity Distribution Company (IBEDC) Plc, has disconnected the power supply to the University of Ibadan College Hospital (UCH) due to an outstanding debt exceeding N400 million Naira, the DisCo said in a release. In the statement obtained by EnergyPlanets, this drastic measure comes after exhaustive attempts to engage with the hospital’s […]Read More
Tinuade Sandra, managing director of the Eko Electricity Distribution Company (EKEDC), has been relieved of her appointment with immediate effect. This is according to a letter signed by signed by Dere Otubu, the chairman of the DisCo. In the letter dated March 21, 2024, titled Implementation of NERC directive on seconded staff, addressed to Sandra, […]Read More
In a significant move to address the persistent challenges in Nigeria’s power sector, the eleven Electricity Distribution Companies (DisCos) have secured a credit facility totaling N273.34 billion from the Central Bank of Nigeria (CBN). This substantial sum, allocated under the Nigerian Electricity Market Stabilization Facility intervention project, aims to bolster the country’s electricity infrastructure and […]Read More
In a bid to confront the mounting challenges posed by debt burdens and climate emergencies, the International Development Association (IDA), the World Bank’s fund dedicated to the world’s most impoverished nations, is pushing for an unprecedented surge in financial support. Dirk Reinermann, the head of resource mobilisation at the World Bank, stressed the critical importance […]Read More
In a landmark ruling, the Niger State High Court in Minna has awarded a staggering N1.1 trillion in compensation to the Samboro community in Rafi Local Government Area. This compensation is for the severe hardships endured due to the Zungeru Hydroelectric Power Project situated in the region. Justice Mohammed Mohammed, presiding over suit no: NSHC/6/2023 […]Read More
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