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Nairametrics
Home Business News

DisCos consider offering consumers free electricity for 2 months

Chike Olisah by Chike Olisah
April 9, 2020
in Business News
Electricity consumers to get 2 months free power supply from DisCos

Sunday Oduntan, Executive Director, ANED

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Electricity Distribution Companies (DisCos) in Nigeria have expressed their willingness to align with the proposal of the National Assembly that Nigerians should get free power supply for two months.

This was disclosed in a press statement issued by the Executive Director of Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, and seen by Nairametrics.

While making the announcement, which is expected to be a succor or palliative for consumers, Oduntan stated that the modalities for the supply of free power would be worked on and made available to the public shortly.

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The ANEP boss said, “The Electricity Distribution Companies recognize the challenging effects of the coronavirus (COVID-19) on the economic and daily lives of our customers.

“In fulfilment of our commitments to the nation, we hereby align ourselves with the efforts of the National Assembly and the Federal Executive to mitigate the hardships that are currently being borne by our customers and other citizens all over the country.

‘’We commend the Federal legislators, the Executive arm and the Nigerian Electricity Regulatory Commission (NERC) for their initiative and we are committed to working with them to ensure more efficient power supply within this difficult period, as the nation battles with the ravages of COVID-19.”

[READ MORE: DisCos earn N473 billion in 2019, reveal reason for metering gap)

NERC, license, notice, FG owes DisCos over N500 billion to electricity Subsidy - PwC , Power: DisCos remain the weakest link, NERC Issues 8 DisCos notice for cancellation of License , DisCos respond to NERC’s threat to cancel operating license of eight DisCos, DisCos earned N473 billion in 2019, reveal reason for metering gap

Going further, he added that the DisCos completely aligned with the plans to ensure palliative measures, including free electricity supply to all Nigerians for two months, to make life easier, during the lockdown period and the details of the implementation to come soon.’

ANEP, while recognizing the fact it is a key player in the power sector, assured Nigerians of its commitment to improving service delivery to the country during this pandemic period and thereafter.

Meanwhile, Nairametrics had reported over a week ago that Ikeja Electricity Distribution Company (Ikeja Electric), suspended disconnection operations for about month, pending the lockdown and movement restriction as a cautionary measure for the containment of COVID-19, will be lifted.

This was to act as some form of palliative for their consumers who are going through the hardship caused by disruptions to the economy as a result of the outbreak of the coronavirus disease.


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Tags: ANEDCoronavirus pandemicCOVID-19 outbreakDISCOSElectricity bills in NigeriaElectricity distribution companiesNational AssemblyNigerian Business NewsSunday Oduntan
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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