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NERC
News and stories about NERC
The thirty-six State governors of Nigeria have recommended the phasing out of electricity subsidy in the country to ensure liquidity in the power sector.
The Nigerian Governors’ Forum (NGF) is currently considering plans for states to be able to export or import electricity between them or from the National grid
The Minister of Power, Adebayo Adelabu, said the federal government has released a total of N20 billion to the power distribution companies (DisCos) for the procurement of meters for unmetered Band A customers in the next three months.
Power distribution companies (DisCos) in Nigeria face billions in collection losses asmanufacturers in the country decide to pay the old tariff rates instead of the new rates approved by industry regulator.
ICAN has called on the federal government to suspend the increase in electricity tariff for Band A customers, describing it as an additional burden on the masses.
The Minister of Power, Adebayo Adelabu, announced that for the first time in three years, Nigeria’s power sector reached an impressive output of 5000MW this month, as stakeholders continue efforts to increase power production.
The Minister of Power, Adebayo Adelabu, stated that the rise in electricity tariffs for Band A customers is a temporal hardship pending an increase in power sector output.
The Organised Labour in Nigeria has taken a firm stance, demanding the complete reversal of the power sector privatisation and the recovery of all public electricity assets sold, amidst protests against the recent hike in electricity tariffs.
Members and leaders of the Nigerian Labour Congress (NLC), Trade Union Congress (TUC) and other affiliate labour unions in Lagos state are currently picketing the head office of Ikeja Electric today.
The National Labour Congress (NLC) has instructed its members across the country to picket the offices of the Nigerian Electricity Regulatory Commission (NERC) and the power distribution companies (DisCos) on Monday due to the recent hike in electricity tariffs for Band A customers.
The Nigerian Electricity Regulatory Commission (NERC) has reduced the exchange rate for calculating the current electricity tariff for Band A customers by 16.03% from N1,463.3/$ to N1,277.8 from May to December 2024.
The Nigerian Electricity Regulatory Commission (NERC) has confirmed the approval of 8.1% electricity rate cut for customers under Band A category for all power distribution companies in the country (DisCos).