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DISCOS
News and analysis about DISCO
According to NERC, many estimated billing customers are not aware that there is a regulation that requires them to inform their DisCo when they will not be around so that their billing can be halted during that period of their absence as their electricity is not in use.
President Bola Tinubu has revealed that preliminary analysis has shown that the 11 Electricity Distribution Company (DisCos) are undercapitalized to the tune of N2 trillion.
The Nigerian Electricity Regulatory Commission (NERC) has said that in the second quarter of 2023, distribution companies (DisCos) recorded 95.21% market remittance, the highest so far in 2023.
Mr. Adebayo Adelabu has called on the GENCOs and the DISCOs, to improve their performance to improve electricity.
Experts in the electricity sector have emphasized that Nigeria might not be prepared to implement smart metering for all its electricity customers due to the absence of much-needed communications infrastructure.
In 2022, the Nigerian Electricity Regulatory Commission (NERC) granted licenses to 17 independent electricity distribution network operators in several states, however, only 11 are currently active.
Ikhide Asuelimen, an Energy Consultant at Energy Markets Rates and Consultants Limited (EMRC) has said that distribution companies (DisCos) cannot increase tariff rates on their own.
The total number of electricity customers in Nigeria stood at 11.47 million from 11.27 million in Q1 2023, representing an increase of 1.84%.
The second quarter report on the Nigeria electricity sector reveals that electricity distribution companies (DISCOs) collected N263.08 billion in revenue- an increase of 6.34% from the N247 billion generated in the first quarter.
The Nigerian Electricity Regulatory Commission (NERC) has said that prepaid meter users in the country should update their meters before November 24, 2024.
The Nigerian Electricity Regulatory Commission (NERC) has said that all customers have the right to a refund when overbilled by their respective distribution companies (DisCos).
The Nigerian House of Representatives in a resolution urged the Nigerian Electricity Regulatory Commission to invoke relevant provisions of the law and other extant agreements to penalize DisCos for exploiting.