By Blessing Obam, JKNMedia Reporter IKEJA Electric Distribution Company (IEDC) has announced a reduction in electricity tariff for customers categorized under Band A. Effective immediately, customers under this band will not pay N206.80 per kilowatt-hour (kWh), a decrease from the previous rate of N22/kWh as mandated by the Nigeria Electricity...
By Jemimah Oriogun, JKNMedia Reporter THE Nigeria Electricity Regulatory Commission (NERC) has been directed by the House of Representatives to halt the enforcement of the recently approved tariff hike. This decision follows the passage of a motion of urgent public importance, initiated by a lawmaker, representing the Labour Party from Ebonyi ...
By Joke Kujenya THE Federal Government of Nigeria has issued a directive for the resale of electricity Distribution Companies (DisCos) currently managed by banks and the Asset Management Company of Nigeria (AMCON) within three months to reputable power operators. Currently, five DisCos are under the management of AMCON and bank leaders. These ...
By Olaide Ajibola, JKNMedia Reporter MR ADEBAYO Adelabu, the Minister of Power, has revealed the Federal Government’s ambitious plan to ramp up power generation from the current 4000 Megawatts to 6000 Megawatts by the year’s end. Speaking during a visit by the Senate Committee on Power yesterday in Abuja, Adelabu emphasized utilizing hydro and...
By Joke Kujenya TOWARDS improving service delivery in the Nigerian electrical energy sector, the Nigerian Electricity Regulatory Commission (NERC), has instructed all distributors companies (DisCos) to automatically downgrade any Band A feeder that fails to provide a minimum of 20 hours of power supply per day for seven consecutive days. This ...
By Joke Kujenya AMIDST the recent uproar over a significant electricity tariff hike in Nigeria, which saw rates surge from N66 to N225 per kilowatt hour (kwh) for Band A customers, new data reveals Nigeria’s continued status among West Africa’s nations with the lowest electricity tariffs. Released on April 3,2024, the tariff increase by the [&...
By Joke Kujenya MINISTER of Power, Adebayo Adelabu, has disclosed that despite the recent hike in electricity tariffs for Band A customers, the Federal Government continues to subsidize electricity, with an allocation of about N1.8trillion for 2024. He made the disclosure on a television magazine interview. Adelabu emphasized that the Electric...
By Joke Kujenya THE NIGERIAN Electricity Regulation Commission (NERC) has delivered a resounding reprimand to the Abuja Electricity Distribution Company (AEDC) for its failure to comply with tariff regulations, culminating in a hefty fine of N200,000,000 (Two hundred million naira). This substantial penalty comes in the wake of AEDC’s misappli...
