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NERC
News and stories about NERC
The Federal Government has recorded significant progress in Nigeria's electricity sector with the installation of 184,507 new meters and the issuance of 50 licences, permits, and certifications during the third quarter of 2024 (Q3).
The Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has announced the transfer of regulatory oversight of the electricity market in Lagos State to the newly established Lagos State Electricity Regulatory Commission (LASERC).
The Nigerian Electricity Regulatory Commission (NERC) has announced its formal adoption of the African Forum for Utility Regulators (AFUR) mini-grid Tariff Tool, “to ensure fair and efficient pricing”.
The Nigerian Electricity Regulatory Commission (NERC) has asked electricity distribution companies (DisCos) to ensure Band A customers receive the required 20 hours of daily power supply.
The Nigerian Electricity Regulatory Commission (NERC) has directed distribution companies (DisCos) to replace obsolete meters for their customers at no cost.
The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday ordered Ikeja Electricity Distribution Company (IKEDC) and Eko Electricity Distribution Company (EKEDP) to immediately halt the replacement of Unistar prepaid meters due to their non-compliance with directives from the Nigerian Electricity Regulatory Commission (NERC).
Electricity distribution companies across Nigeria collected N168.7 billion in revenues in August 2024, achieving a collection efficiency rate of 80.91%.
The Nigerian Electricity Regulatory Commission (NERC) has confirmed the collapse of the national grid, attributing the incident to an explosion of a nearby transformer, which caused the shutdown of the grid system.
The Nigeria Electricity Regulatory Commission (NERC) states that meter installation by electricity distribution companies declined by as much as 60.86% in the second quarter of 2024.
A federal high court in Lagos has struck out the case presented by the Manufacturer Association of Nigeria (MAN) against the eleven distribution companies for increasing electricity tariff for Band A customers.
Nigerian Electricity Distribution Companies (DisCos) recorded the sum of N431.16 billion as revenues from customers in Q2 2024, reflecting a collection efficiency of 79.31%.
International bilateral customers from countries such as Niger, Benin and Togo made a total payment of $50.36 million to the Nigerian Electricity Supply Industry (NESI) for electricity distribution in 2023.