Category: Power

Twenty two days after, the Nigerian Electricity Regulatory Commission (NERC) has insisted that the board and management of Ibadan Electricity Distribution Company (IBEDC) remain suspended for giving an unauthorised loan of N6 billion to its core investor, the Daily Trust exclusively reports. Industry sources on Tuesday said NERC refused to cancel the suspension Order and…

By Energy Worth The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Monday, disclosed that the indebtedness of power distribution companies, DisCos, to the Nigerian Bulk Electricity Trading Company (NBET), has risen to N859billion. As a result, the NBET has accumulated a total debt of N325.784billion which is meant for the payment of power…

By Energy Worth President Muhammadu Buhari has joined operators in the power sector to call on international customers who receive electricity from Nigeria to either pay their bills or be disconnected. Nigeria sells power to the Republics of Togo, Niger and Benin, and classifies the West African countries as international customers. Officials at the Federal…

The Federal Government on Monday ordered the Nigerian Electricity Regularly Commission (NERC) to enforce the contract mandating power distribution companies to provide meters to customers and eliminate estimated electricity bills in the power sector. It said the directive to NERC became vital following the number of complaints coming from power consumers on meters, which the…

Some consumers of electricity in Ogun State have lamented alleged estimated billings by the Ibadan Electrical Distribution Company. The residents said aside from the excessive charges, the power supplied by the electricity company was poor. They noted that they were discouraged from paying their bills because the charges did not reflect their power consumption. PUNCH…

Nigeria’s electricity distribution companies under the aegis of the Association of Electricity Distribution Companies (ANED) have said the major problem in the sector is the regulator, the Nigerian Electricity Regulatory Commission (NERC), who are partial, unfair and incompetent but the regulator says the group doesn’t worth a response. This highlights the depth of the friction…

The Nigerian Electricity Regulatory Commission (NERC) has reportedly given the Transmission Company of Nigeria (TCN) its approval to procure extra power to serve as spinning reserve that could stabilise Nigeria’s electricity grid when there are unforeseen disturbances. THISDAY gathered this much from the Managing Director of the TCN, Mr. Usman Mohammed, in Abuja, when the…

By Energy Worth THREE vandals of Enugu Electricity Distribution Company (EEDC) property have been convicted and sentenced to three years imprisonment by Justice I. B. Garfai at the Federal High Court 1, Awka, Anambra State. It was gathered that they were sentenced to three years imprisonment for conspiracy, unlawful damage and stealing of electricity cables…

Chief Executive Officer and Managing Director of Eko Electricity Distribution Company (EKEDC), Mr. Adeoye Fadeyibi, at a Customers Engagement Town Hall Meeting held on Friday, July 6th stated that the company was recording huge revenue losses in Lekki due to meter bypass and energy theft. According to Fadebiyi, amongst electricity consumers in the Lekki area,…

Except prompt actions are taken, the country’s power sector may soon grind to a halt. No thanks to the over N1t debt owed power generating companies popularly known as GENCOs, gas suppliers and the plunging electricity generation, which dropped from 5, 222.3megawatts (mw) attained earlier this year, to 3, 689.39mw as at Tuesday, July 3,…