NERC

Q1 2020 Power Supply Performance: More Power from GenCos, less Revenue Returns from DisCos

Posted: August 1, 2020 at 5:35 pm   /   Discos, Gen. Biz, Government, Ministry of Power, NBET, NDPHC, NERC

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 […]

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FEC Approves N8.64bn to Fund 1st Phase Siemens Power Deal

Posted: July 30, 2020 at 6:41 am   /   Government, Ministry of Power, NERC, Photo, Regulation, Uncategorized

The Federal Executive Council (FEC) has ratified President Muhammadu Buhari’s anticipatory approval for the release of N8,648,081,465 to fund phase one of the Nigeria-Germany electricity deal. The fund, which is an offshore loan facility of €15.21 million, an equivalent of N6,940,081,465.20, and N1.708 billion onshore fund, is the counterpart funding of the first phase of […]

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TCN restores bulk power supply to areas in Ibadan DisCo after fire incident

Posted: February 7, 2020 at 10:12 am   /   Discos, Government, Ministry of Power, NERC, TCN

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 […]

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Stop asking customers to pay for network infrastructure – NERC

Posted: February 7, 2020 at 9:42 am   /   Discos, Government, NERC, Regulation

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 […]

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We are still listening to Stakeholders – El- Rufai

Posted: January 24, 2020 at 7:44 pm   /   Discos, Government, Ministry of Power, NERC

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 […]

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Speaker Femi Gbajabiamila wades into Electricity Tariff Increase controversy

Posted: January 13, 2020 at 1:39 am   /   Government, Ministry of Power, NERC, Regulation

The Honourable Speaker of the House of Representatives, Mr Femi Gbajabiamila has spoken his mind on the current controversy of electricity tariff increase recently announced by the power industry regulator. For the Speaker, he would want the National Assembly to support the increase in electricity tariffs, making it cost reflective so that it would be […]

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President Buhari over-rules Minister of Power, reinstates NBET MD

Posted: January 10, 2020 at 11:02 pm   /   Government, Ministry of Power, NBET, NERC, REA

The Power Sector has of recent become the theatre of chess games! The latest move is that of President Buhari reversing the moves of the Minister of Power, Engr Sale Mamman. The Minister of Power had in the wee hours of December 2019 technically “sacked” the Managing Director of the Nigerian Bulk Electricity Trader, NBET […]

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More Problems for the DisCos as NERC Issues Intention to Cancel Licences of 8 DisCos

Posted: October 13, 2019 at 7:24 pm   /   Discos, NBET, NERC, Regulation

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 […]

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We are prepared to work with DisCos to improve power supply delivery- MD, TCN

Posted: September 28, 2019 at 1:13 pm   /   Government, Ministry of Power, NERC, Photo, TCN

BY: Innocent Okoye The management of Transmission Company of Nigeria, TCN, has offered to work in tandem with the managements of all the Distribution Companies, DisCos, to ensure superior power service delivery to the people of Nigeria and beyond. The problem however is that the managements of the DisCos are not prepared to work with […]

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NERC Directs System Operator to Prioritize Dispatching all Hydro Power Stations to check flooding

Posted: September 20, 2019 at 11:06 am   /   Gencos, Government, Ministry of Power, NERC, TCN

The Nigerian Electricity Regulatory Commission, NERC, has directed the System Operator to prioritize the dispatching of power generated by the three hydro power stations in Nigeria in order to manage effectively the water inflow into the dams. The order is also meant to check the result of flooding that might occur if there is an […]

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