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NERC
News and stories about NERC
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).
The Ikeja Electricity Distribution Company (IE) announced that it has incorporated 19 new Band A feeders into its network following the recent decrease in electricity rates from 225/kWh to 206.80/kWh.
Ikeja Electric Distribution Company (IE) has announced the reduction of its electricity tariff for customers under Band A from N225/kWh to N206.80/kWh.
The federal government has mandated system operators in the Nigerian power industry to supply not more than 6% of total available grid generation per hour to international customers or off-takers.
The Nigerian Electricity Regulatory Commission (NERC), acting under the provisions of the Nigeria Electricity Act, has ordered the establishment of an Independent System Operator (ISO) to take over the market and system operations functions of the Transmission Company of Nigeria (TCN).
The Transmission Company of Nigeria (TCN) has stated that, contrary to popular opinion, the occurrence of National Grid collapses has decreased significantly, by 76.47% in the past five years.