Tag
NERC
News and stories about NERC
The Federal Government is set to redirect about N1 trillion savings from the electricity subsidy removal to social services and power supply improvements across the country.
The Transmission Company of Nigeria (TCN) has refuted claims that it is responsible for the Ibadan Electricity Distribution Company’s (IBEDC) inability to provide the estimated hours of supply to customer feeders.
Adebayo Adelabu, the Minister of Power, has said that the revised electricity tariff for Band A customers could decrease if the Naira strengthens against the Dollar in the foreign exchange market, indicating that the rates are not fixed.
The Minister of Power, Adebayo Adelabu, has said that the federal government will sanction power distribution companies (DisCos) that fail to supply 20 hours of electricity to customers in the Band A category.
In reviewing the new electricity tariff for Band A consumers, the Nigerian Electricity Regulatory Commission (NERC) made use of important indices in determining the electricity tariff. These indices or assumption range from Nigeria and the United States inflation rate, exchange rate, generation capacity, gas to power cost etc.
The Abuja Chamber of Commerce and Industry (ACCI) has voiced its worries about the recent rise in electricity prices, highlighting potential threats to the long-term viability of businesses.
The Ibadan electricity distribution company has announced the date to begin implementation of the new electricity tariff for Band A consumers to be April 3, 2024.
Electricity Tariff: NERC orders all DisCos to set up portal for customers to check their Band status
The Nigerian Electricity Regulatory Commission (NERC) has directed all eleven DisCos in the country to create an online portal for their customers to access their Band category status.
The Minister of Power, Adebayo Adelabu, has said that prior to the introduction of the upwardly revised electricity tariff the federal was subsidizing about 67% of the power sector, which was expected to amount to N2.9 trillion by the end of 2024.
The Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of N200 million on Abuja Electricity Distribution Company (AEDC) for wrongful billing of customers following a recent hike in electricity tariffs.
The Nigerian Electricity Regulatory Commission (NERC) has applied an exchange rate of N1463.3/$ in calculating the new electricity tariff for Band A consumers in the recent electricity tariff review.
The Minority Caucus in the House of Representatives has labeled the increase in electricity tariffs by the Nigerian Electricity Regulatory Commission (NERC) as insensitive, inhuman, and absolutely unnecessary.