Category: Power

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…

The controversy over the $16billion power projects in the country raged on yesterday, May 30, 2018, with a highly-placed source linked with the Niger Delta Power Holding Company (NPDHC) claiming that between $8.4billion and $8.58billion, out of the projected $16 billion was the amount actually allocated. The release of the $8.58billion was between 2005 and…

The Electric Power Sector Reform Act (EPSRA) of 2005, and the Nigerian Electricity Supply Industry (NESI) are on the journey towards a perfect competition in the electricity industry market where there are few, if any, barriers to the entry of new players and prices are determined by the forces of demand and supply. Energy News…

There have been suspicions of sabotage and vandals’ activities on the recent collapse of a 132kv power transmission tower conveying electricity to Daura and neighbouring towns in Katsina state. The tower which is among the many along the line is built by the Transmission Company of Nigeria (TCN) and transmits electricity to the Daura transmission…

By Energy Worth The Minister of Power, Works and Housing, Mr. Babatunde Fashola has said there would be a drop in power supply because of the rain. He said power equipment was prone to destruction when there is heavy rainfall, adding that transformers, wires, cables and others are damaged by a thunderstorm. Speaking on the…

Stakeholders in the nation’s power sector have implored the Federal government to address distribution bottlenecks in Nigeria’s electricity value chain. They said although the power sector had witnessed increased generation and massive investment in transmission sector, there was no improvement in distribution. The stakeholders spoke against President Muhammadu Buhari’s Democracy Day speech on power supply,…

Energy Worth with Agency Report Nigeria has signaled an increasing shift towards the use of coal for the generation of electricity to power its economy as it invests N30 billion in the sector. The West African country has coal reserves of about 25 billion tons and this, the government is eager to exploit. Dr. Dauda…

By Alex Kimani  When trying to predict gold prices, investors usually look at one or several drivers: interest rates, U.S. dollar fluctuations, above-ground gold stocks, equities, bonds, commodity prices and even debt levels. But on their own, how reliable is each for predicting either short-or-long-term medium gold price movements? For instance, you have probably heard…