July 2019

Electricity Market Operator Suspends Defaulting DisCos for Low Security Covers

Posted: July 29, 2019 at 3:52 pm   /   Discos, Government, Ministry of Power, NERC, Photo, TCN

The Nigerian Electricity Market is getting more interesting by the day and the Electricity Distribution Companies, DisCos, are the ones with the burnt end of the stick. The DisCos have severally been accused of causing illiquidity in the Market by their poor monthly returns on their monthly invoices , which hovers between 30 and 35%. […]

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NERC Introduces Payment Plan for Electricity Meters

Posted: July 20, 2019 at 12:07 pm   /   Discos, Government, Ministry of Power, NERC, Photo, Regulation

Relief has come the way of some electricity customers in Nigeria as the Nigerian Electricity Regulatory Commission (NERC) has approved a payment plan for electricity customers who so desire to get prepaid meters and pay later. The cheering news was disclosed by Mr Nathan Shatti, NERC’s commissioner for finance and management services at a press […]

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TCN to Devolve into 2 Autonomous Companies – TSP & ISO

Posted: July 20, 2019 at 11:17 am   /   Government, Photo, TCN

By Innocent Okoye The Transmission Company of Nigeria, TCN, would soon devolve into two autonomous companies- Transmission Service Provider, TSP and Independent System Operator, ISO. The MD/CEO, TCN, Mr UG Mohammed disclosed this during the recent press conference/dinner the company organized to update the people with developments in the subsector. According to him, TCN is […]

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