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NERC
News and stories about NERC
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.
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 Nigerian Electricity Regulatory Commission (NERC) has said that power generation costs constituted the highest share of end-user tariffs in 2022 at 49.02%.
NERC highlighted that in 1999, Nigeria’s power sector needed a reform due to a pressing need to address critical deficiencies and inefficiencies that were hindering the sector's growth.
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.
The Nigerian Electricity Regulatory Commission (NERC) has said that electricity capacity in the country grew by 7.95% between 2015 and 2022.
The Nigerian Electricity Regulatory Commission (NERC) has laid out the specifics of various electricity-related offences and their respective penalties as outlined in the 2023 Electricity Act.
The cost of single-phase meters has been raised from N58,661.69 to N81,975.16, while the price for three-phase meters has jumped from N109,684.36 to N143,836.10.
NERC has said that signing off on deals like the Siemens Power Deal would mean that the country would build a superstructure on existent weak infrastructure.
The Nigerian Electricity Regulatory Commission (NERC) has said that the customers who already paid for meters before the prices were increased should be supplied without additional costs.
On Saturday, September 9, the Nigerian Electricity Regulatory Commission (NERC) launched the Power Outage Reporting System App in the Federal Capital Territory, Abuja.
In Nigeria, the Nigerian Electricity Regulatory Commission (NERC) makes use of key tariff assumptions for each review that is carried out.