Policy flip flop obstructing power sector development —GenCos
Power generation companies (GenCos) have forecast a gloomy future for power, saying there is no clear policy to enhance the performance of the sector in the coming year.
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IBEDC to begin distribution of 100,000 free prepaid meters next week
The Ibadan Electricity Distribution Company Plc said on Wednesday that it would commence the rollout of free meters to customers under the Federal Government’s National Mass Metering Programme in a bid to bridge the nation’s metering gap.
Ikeja Electric begins implementation of revised service reflective tariff
Ikeja Electric has commenced the implementation of the revised Service Reflective Tariff (SRT), as approved by the Regulator with effect from November 1, 2020.
NERC orders Discos to compensate consumers for power delivery failure
Power distributors that fail to supply the required quantum of electricity under the new service reflective tariff regime will compensate the affected consumers for defaulting in service delivery.
Electricity tariff reviews’ll now follow service-based principles —NERC
NERC explained in a media statement that “under these service-based principles Discos will only be able to review tariff rates for customers when they consult with customers, commit to increasing the number of hours of supply per day and quality of service. In all cases poor and vulnerable Nigerians will not experience any increase.”
NERC warns Discos against load rejection as six power plants shut in 35 hours
Six of the nation’s power plants were shut down between 8:15pm on Thursday and 6am on Saturday, causing power generation to plunge by 1,190.3 megawatts.
NDPHC: Bridging the electricity gap
One of such interventions was in 2005 when the Federal Government set up the Niger Delta Power Holding Company Limited (NDPHC) to fast-track power sector infrastructure development.
We don’t fix electricity tariffs, says FG •Vows to reduce political influence in the power sector
However, other members of the panel, including the Chief Executive Officer, ZJK Energy, Mr. Rumundaka Wonodi; Principal Consultant, Emtech Energy Services, Ifey Ekeonu; and Head, (PMU) Nigeria Electrification Project (NEP), Mr. Kenny Anuwe, agreed on the need to reduce the political influence in the power sector.
$2bn power project: Fresh threats, as FG, Siemens take conflicting positions
But it is not yet clear if Siemens is willing to accept this responsibility as the firm rebuffed efforts to get them to confirm the development.
Ikeja Electric meters over 120,000 households •Set to roll out over 400,000 in next two years
Ikeja Electric Plc (IE), has metered over one hundred and twenty thousand households between 2018 and June 2020. This is in line with its commitment to bridge its metering gap.