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DISCOS
News and analysis about DISCO
The Nigeria Governors’ Forums said it plans to license new players in the distribution segment of the power sector, aiming to bolster electricity supply across the 36 States.
The federal government announced on Friday its plan to procure 3.5 million electricity meters by the end of the year to improve revenue for its cash-strapped power sector, where more than half of the customers are billed by estimates.
The Minister of Power, Adebayo Adelabu, said the federal government has released a total of N20 billion to the power distribution companies (DisCos) for the procurement of meters for unmetered Band A customers in the next three months.
The federal government has secured a $500 million World Bank loan to enhance power distribution in the electricity sector, following last month's tariff increase for top consumers across the country.
Power distribution companies (DisCos) in Nigeria face billions in collection losses asmanufacturers in the country decide to pay the old tariff rates instead of the new rates approved by industry regulator.
Tony Elumelu, Chairman of the Board of Directors at Transcorp Group, has called on the Federal Government to establish special courts dedicated to prosecuting energy thieves in Nigeria.
ICAN has called on the federal government to suspend the increase in electricity tariff for Band A customers, describing it as an additional burden on the masses.
The Minister of Power, Adebayo Adelabu, announced that for the first time in three years, Nigeria’s power sector reached an impressive output of 5000MW this month, as stakeholders continue efforts to increase power production.
The Federal Government has announced plans to pay N130 billion to settle part of the N1.3 trillion gas supply debts in the Nigerian Electricity Supply Industry (NESI).
The National Labour Congress (NLC) has instructed its members across the country to picket the offices of the Nigerian Electricity Regulatory Commission (NERC) and the power distribution companies (DisCos) on Monday due to the recent hike in electricity tariffs for Band A customers.
The federal government has mandated system operators in the Nigerian power industry to supply not more than 6% of total available grid generation per hour to international customers or off-takers.
The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of meter prices under the Meter Asset Provider (MAP) Scheme for end-user customers.