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ELECTRICITY ACT
The Forum of Commissioners for Power and Energy (FOCPEN) has refuted media reports suggesting that some Nigerian states have backtracked on implementing power market reforms following the enactment of the Electricity Act.
The apex regulator of the electricity industry in Nigeria- Nigeria Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Oyo State to the state's Electricity Regulatory Commission (OSERC).
President Bola Tinubu has assured the international community of enhanced power supply in Nigeria
A university don has explained why the amended electricity act is a strategic decision for Nigeria's energy sector.
There are critical success factors to implement an efficient transmission of power in Nigeria, which includes decentralizing the power sector and improving the grid system.
The Nigeria Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Ondo state to the state’s electricity regulatory bureau.
Over the years, the FGN has adopted a different subsidy arrangement that involved the payment of huge amounts to cater for tariff shortfalls.
President Bola Tinubu on Friday has officially signed the Electricity Act (Amendment) Bill, 2024, making it law.
States need to understand four key factors in implementing the Electricity Act. This is according to Abimbola Banjo, a partner at PricewaterhouseCoopers Limited.
NERC has specified licenses and permits related to the 2023 Electricity Act. These apply to activities generating up to 1 MW and electricity distribution networks of 100 KW or less.
The Electricity Consumer Protection Forum, an advocacy group, has expressed deep concern over the recent 40% increase in the price of single-phase prepaid meters in Nigeria saying the increase is of the average consumer
The Enugu State Government has passed a bill to set up its electricity market, following the passage of the 2023 Electricity Act which allows states to develop their electricity market.