Few months ago, the Nigerian Electricity Regulatory Commission (NERC) meter asset provider (MAP) regulation took effect, to close the end-user metering gap and eliminate the practice of ‘estimated billing’ with a few exceptions as envisaged under the said regulation. Estimated billing gives electricity distribution companies (DisCos) discretion to unilaterally determine the estimation of electricity bill…
By Energy Worth The Nigeria Electricity Regulatory Commission (NERC) has discarded the multi-year tariff order (MYTO) in a bid to determine whether consumers are being cheated. This was disclosed by NERC chairman, Professor James Momoh, , made this known on Thursday in Abuja. He said the commission, under his watch, will not adopt the MYTO…
By Energy Worth Residents of Gateway Estate, Magodo Phase I, in the Isheri area of Lagos State, have been left in darkness after Ikeja Electric Plc cut off power supply to them on Tuesday. Our correspondent gathered that the electricity distribution company cut off supply to the estate on the grounds that some residents were…
By Tsvetana Paraskova In a tight oil market reacting with price gains to concerns about supply shortages, the leaders of the OPEC and non-OPEC nations part of the production cut deal—Saudi Arabia and Russia—hinted last week that easing the cuts was an option that they had discussed and that would be up for talks at…
By Energy Worth Nigerian National Petroleum Corporation (NNPC) has dismissed rumours of an approved N36 billion compensation said to be due to Alesa-Eleme community in Rivers State as royalty for playing host to the Port Harcourt Refining Company, a subsidiary of the corporation. The corporation’s Group General Manager, Group Public Affairs Division, Mr Ndu…
