Category: Power

By Energy Worth The daily financial losses in Nigeria’s power sector since the beginning of this year have risen to N201.3bn, findings from the Office of the Vice President showed on Wednesday. Data from the Advisory Power Team in the Vice President’s office in Abuja showed that the N201.3bn loss accumulated between January 1 and…

Some residents of Ota-Idiroko, in the Ota area of Ogun State, have been arrested by the police for allegedly stoning to death an official of the Enugu Electricity Distribution Company (EEDC), Peter Ayole. The 52-year-old was said to be an auditor at the Abakaliki, Ebonyi State office of the company. The victim, who was said…

Energy Worth with Agency Report The Port Harcourt Electricity Distribution Company (PHED)has disclosed that fire from a dump site, near Park One, Port Harcourt gutted its Injection Sub-station that supplies electricity to Diobu area of Port Harcourt. John Onyi, PHED’s Manager for Corporate Communications made this known to the News Agency of Nigeria (NAN) on…

By Energy Worth The Minister of Power, Works and Housing, Mr. Babatunde Fashola, and the Nigerian Electricity Regulatory Commission (NERC), on Tuesday, opposed the move by the House of Representatives to criminalise estimated billing by electricity distribution companies in the country. All the Discos, represented by the Association of Nigerian Electricity Distributors (ANED), also kicked…

By Energy Worth The Nigerian Electricity Regulatory Commission on Tuesday said it had no plan to dump the Multi-Year Tariff Order framework used in determining the tariff payable by electricity consumers in the country. NERC denied reports that it was planning to quit the MYTO framework, but stated that it planned to review the financial…

By Energy Worth President Muhammadu Buhari says his administration has spent about $9 billion to strengthen investment on power, roads and railway. Buhari said this on Monday while declaring open the 61st meeting of the United Nations World Tourism Organization (UNWTO) Commission for Africa (CAF) holding in Abuja. Represented by Boss Mustapha, secretary of the…

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…