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NERC
News and stories about NERC
The hike in electricity tariff is considered ill-timed by many especially in the face of hikes in fuel price and value-added tax.
FG announces the extension of the suspension of the new electricity tariff by another one week.
Discos have been warned to compensate consumers should they fail to supply them the required amount of electricity in the new tariff regulation.
The FG and the Nigerian Labour Unions have agreed to suspend the electricity tariff increase for a period of two weeks.
The FG said it will protect Nigerians who can’t afford to pay cost-reflective tariffs from increases.
FG says no electricity tariff increase for poor, vulnerable Nigerians, gives conditions for increase
DISCOs have been given conditions under which electricity tariffs can be reviewed and increased.
NERC said President Buhari remains committed to protecting Nigerians arbitrary/estimated billings.
Electricity Tariff hike is set to go live on September 1, 2020.
The apex bank instructed all DisCo collections and remittances of the DisCos to both NBET and TCN will now be the responsibility of banks providing guarantees to DisCos.
The National Assembly in conjunction with stakeholders have stopped the planned tariff hike scheduled for July 1
The absence of a market reflective tariff had continued to have a negative impact on the sector.
Minister of Power, Engr Sale Mamman sacked the Managing Director of Transmission Company of Nigeria (TCN), Usman Mohammed, and replaced with Sule Abdulaziz, in an acting capacity.