Energy Business DigestProfile of Ikeja Electricity Distribution Company
Ikeja Electricity Distribution Company(IKEDC) manages electricity distribution in the mainland segment or northern part of Lagos State. The investors in the company are NEDC/ KEPCO Consortium. IKEDC is divided into 11 Business Units which are Abule Egba, Akonwonjo, Ikeja,Ikotun, Ipaja, Odogunyan, Ogba, Ojodu, Oshodi and Shomolu and a growing customer population of 657,444. The face […]
Q1 2020 Power Supply Performance: More Power from GenCos, less Revenue Returns from DisCos
The nation is experiencing inverse performances in the power supply sector according to the data published by the Nigerian Bulk Electricity Trader, NBET, on its website. While the power generating companies, GenCos, are producing more power and TCN is wheeling all these to the distribution companies, DisCos, the DisCos are returning less and less into […]
Ikeja Electric Gets new CEO, Signs Supply Agreement with Estate
The baton has changed hands at Ikeja Electric Plc, Nigeria’s largest Electricity Distribution Company with the appointment of Mrs. Folake Soetan as its Acting Chief Executive Officer. She took over the saddle on Monday, 2nd March, 2020. She takes over from Dr. Anthony Youdeowei who had led the company as CEO for the last four […]
TCN restores bulk power supply to areas in Ibadan DisCo after fire incident
The Transmission Company of Nigeria, TCN, has reported that it has restored bulk power supply to Ibadan DisCo distribution lines that were out due to fire incident on Wednesday at TCN substation in Ayede, Akinyemi along Ring Road in Ibadan, Oyo State. According to the release published on TCN twitter handle and signed by the […]
Stop asking customers to pay for network infrastructure – NERC
The electricity sector regulator, NERC, has news for the electricity distribution companies; they should stop asking customers to pay for replacement and installation of network infrastructure such as faulty transformers, substation materials or lines, etc. According to a release published on the website of the industry regulator, the only scenario where the customer is to […]
We are still listening to Stakeholders – El- Rufai
If you were expecting quick fix report from the Federal Government Committee to review the present ownership of power assets in the country, you have to tarry awhile. According to the Chairman of the committee, Mallam El-Rufai, Governor of Kaduna State, they are still listening to stakeholders before they make up their minds as to […]
More Problems for the DisCos as NERC Issues Intention to Cancel Licences of 8 DisCos
The times are really not good for the electricity distribution companies, DisCos, in Nigeria. They have been receiving bashing from the Transmission Company of Nigeria for rejecting huge amount of electricity generated by the GenCos and transported to load centers. Only a few months ago, the Electricity Market Operator descended on several DisCos for not […]
Electricity Market Operator Suspends Defaulting DisCos for Low Security Covers
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%. […]
NERC Introduces Payment Plan for Electricity Meters
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 […]
TCN Restores Normal Bulk Power Transmission after Apo Transformer Fire
The Transmission Company of Nigeria, TCN, has restored normal power transmission through its Apo Transmission substation after a fire outbreak which occurred yesterday involving one of its 45MVA, 132/33kV power transformers feeding AEDC’s 33kV feeders. The fire was put out by the combined efforts of the Federal, FCT and NNPC fire service units. In the […]
Borno residents protest 24-hour power supply, desire 12hrs supply
Nigeria is indeed a funny country. While some companies like TCN, Federal Government are working hard to provide 24-hour power supply for the people, some are protesting against it. Can you believe that residents of Maiduguri, Borno State capital, have complained of the 24-hour electricity supply provided by Yola Electricity Distribution Company (YEDC). Speaking to […]
Nigeria Attains New 5,377MW Electricity Generation Peak – TCN
Q1 2020 Power Supply Performance: More Power from GenCos, less Revenue Returns from DisCos
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Clement on TCN Commissions 2 Power Transformers in 2 States in One Day
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