We can no longer invest in customer metering – Ikeja Electric
Businessam StaffFebruary 27, 2020
Ikeja Electric, one of the nation’s power distribution companies, has said it can no longer invest in customer metering. The company, in a public notice on Thursday, also said it would not refund payments made by customers for the purchase of meters under the Meter Asset Provider scheme introduced by the Nigerian Electricity Regulatory Commission […]
Discos deny receiving subsidy from FG
Businessam StaffFebruary 26, 2020
Electricity distribution companies, under the aegis of Association of National Electricity Distributors, has said they had not received any subsidy from the federal government since the privatisation of the power sector. The Discos’s claim was a response to Salehh Mamman, power minister, who recently said the federal government could not continue to subsidise electricity distribution. […]
Electricity customers get reprieve as NERC limits on DisCos’ estimated billing
Businessam StaffFebruary 25, 2020
The Nigerian Electricity Regulatory Commission has placed limits on estimated bills that can be issued by electricity distribution companies to unmetered customers. It said it had cancelled the estimated billing methodology regulation as a basis for computing the consumption of unmetered customers by the Discos. NERC disclosed this in its order on the capping of […]
Enugu lawmakers ask power ministry, NERC to review EEDC’s nauseating monopoly in South East
Ben EguzozieFebruary 20, 2020
…as 70% of DisCo’s customers is unmetered …barrage of complaints mount Ben Eguzozie, in Port Harcourt Enugu State House of Assembly members have asked the federal ministry of power to review the rather nauseating monopoly being enjoyed by the Enugu Electricity Distribution Company (EEDC) in the South-East; saying that the electricity distribution company’s (DisCo) has […]
TCN installs 68 transformers, eyes 10,000MW transmission capacity
Businessam StaffJanuary 23, 2020
Nigeria’s power transmission capacity has increased beyond the 8,100 megawatts recorded in December 2018, as the Transmission Company of Nigeria plans to evacuate 10,000MW of electricity. It was also gathered that the federal government-owned transmission firm installed 68 transformers across the country between 2017 and October 2019. Usman Mohammed, the managing director of the TCN, […]
Solution to poor electricity beyond recapitalisation of Discos, says electricity group
Businessam StaffJanuary 16, 2020
A group, the All Electricity Consumers Protection Forum, says the solution to the power challenges preventing stable electricity supply in the country lies beyond recapitalisation of the 11 Distribution Companies (Discos). Its National Coordinator, Mr Adeola Samuel-Ilori, made the assertion on Thursday in Lagos while reacting to the push for the recapitalisation of the Discos […]
TCN to push for Discos’ recapitalisation
Businessam StaffJanuary 13, 2020
Power distribution companies must be recapitalised for Nigeria’s power industry to work and the Transmission Company of Nigeria has vowed to push for the Discos’ recapitalisation this year. Speaking on some of the company’s targets for 2020 in the latest Power Wheel interview of the TCN obtained in Abuja on Sunday, the Usman Mohammed, managing director of […]
Power generation hits 4,898.2MW
Businessam StaffJanuary 10, 2020
The total quantum of electricity generated on the national grid since the beginning of 2020 reached a peak of 4,898.2 megawatts, latest industry data obtained on Thursday in Abuja showed. Findings from the federal ministry of power showed that the grid had opened the year 2020 with a peak power generation of 4,678.8MW, while the […]
Govt to limit estimated electricity bills February
Businessam StaffJanuary 7, 2020
The federal government will start regulating estimated electricity bills issued by power distribution companies to their unmetered customers from February. According to the Nigerian Electricity Regulatory Commission, the Federal Government’s power sector regulator, Discos that fail to provide meters to customers would only be allowed to issue a capped sum as estimated bills to their […]
Electricity tariff hike: It’s daylight robbery, labour, others tell FG
Businessam StaffJanuary 6, 2020
Organised labour, industrialists and civil rights groups on Sunday condemned the hike in electricity tariffs by the Federal Government. Labour described the electricity tariff hike as a daylight robbery considering the epileptic power supply in the country. The Lagos Chamber of Commerce and Industry, on its part, berated the Federal Government for increasing the tariffs […]