Tag: NERC

NERC Sanctions 11 Discos For Overbilling 7.1million Customers In Nine Months

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NERC Sanctions 11 Discos For Overbilling 7.1million Customers In Nine Months

The National Electricity Regulatory Commission, NERC has sanctioned 11 Power distribution companies for Overbilling about 7.1 million unmetered electricity consumers between January and September 2023. This information was revealed in a press release by NERC published on its verified ‘x’ handle on Friday. In the various Regulatory Interventions for Non-Compliance with the Order on Capping…

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Power and Energy

NERC Refutes Plan To Raise Electricity Tariffs

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NERC Refutes Plan To Raise Electricity Tariffs

The Nigerian Electricity Regulatory Commission (NERC) has officially cleared the air, dismissing widespread rumours of an increase in electricity tariffs starting January 1st, 2024. Reports have been rife that Nigeria’s electricity distribution companies (DisCos) are planning to increase electricity tariffs nationwide with effect from January 1, 2024. According to reports, “All has been perfected for…

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Power and Energy

NERC Reveals Niger’s N4bn Indebtedness To Nigeria For Power Supply

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NERC Reveals Niger’s N4bn Indebtedness To Nigeria For Power Supply

The Nigerian Electricity Regulatory Commission’s freshly released quarterly report has stated thatNiger currently owes Nigeria N4.22bn ($5.48m: $/N769.27 exchange rate) for power supplied in the past. According to the report, Niger’s state power firm, Nigerien Electricity Society, was yet to remit the $5.48m invoice issued for power supply by the Nigerian market operator. “None of…

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Finance and Economy