• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Energy

NERC says Nigerians will access improved power supply from July 1

NERC guarantees distribution of an average of 5,000MW of electricity daily to customers...

Abiola Odutola by Abiola Odutola
June 16, 2022
in Energy
NERC says Nigerians will access improved power supply from July 1

Sanusi Garba, Chairman, Nigerian Electricity Regulatory Commission (NERC)

Share on FacebookShare on TwitterShare on Linkedin

Nigerians have been guaranteed the generation, transmission and distribution of an average of 5,000MW of electricity daily from July 1, 2022.

This was disclosed by Sanusi Garba, Chairman, Nigerian Electricity Regulatory Commission (NERC), during a media briefing in Lagos on Wednesday.

According to him, Nigerians will witness improved power supply from July 1 following renewed efforts by industry stakeholders.

RelatedStories

Nigeria to fix irregular power supply in 40 years- Senate, Customers to pay for metering through cost of tariff- NERC

Band A customers don’t get up to 10 hours of power daily, it’s a scam – Analyst alleges 

April 22, 2025
Discos

Experts, consumers differ on NERC’s N628 million fine on DisCos over estimated billing breach 

April 18, 2025

What NERC is saying about power supply

He said, “We have had discussions with the gas suppliers within our regulatory space. We have them on board to ensure that once we made the commercial requirements, gas was going to flow.

“Now, for transmission, we have heard of figures well in excess of 5,000MW and clearly TCN will be able to deliver that. I recall clearly in March last year we had 5,400MW. So, it means it is quite possible based on signed commitments.

“All the stakeholders across the value chain had obligations and there would be consequences if they failed to deliver. So, in a situation where Gencos are able to deliver 5,000MW but TCN is unable to do so, they’ll pay the penalty to the generation company and so on.

“And whenever the power is available and DisCos do not take the power; then they will pay liquidated damages that will compensate other market participants.

“We might not have 24/7 power supply from July 1 but Nigerians will see the trajectory because the target is to have an average of 5,000MW daily for transmission and distribution.”

He added that NERC had facilitated a contractual agreement between the Gencos, TCN and the 11 DisCos that would guarantee the generation, transmission and distribution of an average of 5,000MW of electricity daily to customers effective July 1.

According to him, the contract is binding on all the players across the sector’s value chain and stipulates penalties for any party that defaults on the arrangement under the new regime.

“The challenges of today are very clear. In the past, it used to be weak infrastructure and so on and so forth. Now we have certain external factors contributing to these events.

“Obviously, it’s not common around the world to see people coming down, pulling down transmission towers for no reason; or blowing up crude oil lines.

“In a number of instances, most of the gas we have today is associated gas and because of that when crude lines are disrupted it also affects the supply of gas to the thermal stations,” he added.

Garba commended the Federal Government and the Central Bank of Nigeria (CBN) for the interventions in the power sector, adding that country would soon start feeling the impact of the investments positively.

In case you missed it

  • Nairametrics had reported that Nigeria’s electricity generation revamped on Tuesday 14th June 2022 to 79.04GWh from the 67.17GWh generated on Monday. This is following a significant downturn at the beginning of the week, when power generation slumped to 68.9GWh on Sunday.
  • This is according to information from the Transmission Company of Nigeria (TCN).
  • Similarly, energy supply increased by 17.8% to 78.2GWh on Tuesday, 14th June 2022 compared to 66.39GWh sent out by the generating companies in the previous day.
  • Meanwhile, energy generation peaked at 3,497.4MW on Tuesday, while off-peak was 2,973MW. Notably, 98.94% of the generated energy in the day under review was sent out to Distributing Companies.

Follow us for Breaking News and Market Intelligence.
Tags: NERCNigeria Electricity Regulatory commission NERC
Abiola Odutola

Abiola Odutola

For further inquiries about this article, contact: Email: abiola.odutola@nairametrics.com Twitter: @AbiolaOdutola @nairametrics

Related Posts

Nigeria to fix irregular power supply in 40 years- Senate, Customers to pay for metering through cost of tariff- NERC
Energy

Band A customers don’t get up to 10 hours of power daily, it’s a scam – Analyst alleges 

April 22, 2025
Discos
Energy

Experts, consumers differ on NERC’s N628 million fine on DisCos over estimated billing breach 

April 18, 2025
NERC
Energy

DisCos achieved 94.61% energy offtake in Q4 2024, as NERC commences sanctions for poor performers  

April 7, 2025
Presidency tasks Adelabu to fast-track NMMP, Katsina Hybrid/Solar Plant, others 
Energy

FG set to receive first batch of 3.2 million meters in April 2025 – Adelabu 

April 7, 2025
DisCos
Energy

DisCos’ revenue rises to N509.84 billion in Q4 2024 as collection efficiency improves – NERC 

March 25, 2025
NERC Urges Prepaid Meter Users to Update Before Nov 24, 2024; Offers Free Token Issuance
Energy

NERC transfers regulatory oversight of Plateau state electricity market to PSERC

March 14, 2025
Next Post
CEL loses over 50% as Celsius pauses withdrawals

Crypto Focus: Everything you need to know about Celsius

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • MRS hikes petrol price to N925 in Lagos, N955 in Southeast amid global oil price increase 
  • Sovereign Trust Insurance names Abimbola Oguntunde as Board Chairman, highlights industry experience 
  • Ogun Govt warns of more torrential rainfall, urges residents to prepare for floods 

Follow us on social media:

Recent News

MRS slashes pump price to N935 per litre after partnership with Dangote refinery

MRS hikes petrol price to N925 in Lagos, N955 in Southeast amid global oil price increase 

June 22, 2025
Sovereign Trust Insurance names Abimbola Oguntunde as Board Chairman, highlights industry experience 

Sovereign Trust Insurance names Abimbola Oguntunde as Board Chairman, highlights industry experience 

June 22, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics