DisCos, FG agree on 2 months free electricity for Nigerians
Businessam Staff
April 9, 2020
The Electricity Distribution Companies (DisCos) on Wednesday said they have aligned with the federal government to provide a two-month rebate of free electricity to their customers nationwide. In a statement by Sunday Oduntan, the executive director, research and advocacy at the Association of Nigeiarian Electricity Distributors (ANED), said the decision was in recognition of the challenging effects […]
COVID-19: Ikeja Electric suspends disconnection of customers
Businessam StaffApril 1, 2020
Ikeja Electric (IE) has announced the suspension of all disconnection activities of non-paying customers for a period of two weeks effective April 1, due to the lockdown of Lagos State caused by COVID-19. Folake Soetan, acting chief executive officer, made the announcement in a statement in Ikeja on Wednesday. President Muhammadu Buhari had on Sunday […]
COVID-19: No increase in electricity tariff now, says minister
Businessam StaffApril 1, 2020
dis The Nigerian Electricity Regulatory Commission says there will be a 3-month delay in the implementation of the proposed electricity tariff in the country. The regulator had earlier announced that there would be an upward review of electricity tariff across the country effective April 1. Sale Mamman, minister of power, in a statement in Abuja […]
We can no longer invest in customer metering – Ikeja Electric
Businessam StaffFebruary 27, 2020
Ikeja Electric, one of the nation’s power distribution companies, has said it can no longer invest in customer metering. The company, in a public notice on Thursday, also said it would not refund payments made by customers for the purchase of meters under the Meter Asset Provider scheme introduced by the Nigerian Electricity Regulatory Commission […]
Discos deny receiving subsidy from FG
Businessam StaffFebruary 26, 2020
Electricity distribution companies, under the aegis of Association of National Electricity Distributors, has said they had not received any subsidy from the federal government since the privatisation of the power sector. The Discos’s claim was a response to Salehh Mamman, power minister, who recently said the federal government could not continue to subsidise electricity distribution. […]
Electricity customers get reprieve as NERC limits on DisCos’ estimated billing
Businessam StaffFebruary 25, 2020
The Nigerian Electricity Regulatory Commission has placed limits on estimated bills that can be issued by electricity distribution companies to unmetered customers. It said it had cancelled the estimated billing methodology regulation as a basis for computing the consumption of unmetered customers by the Discos. NERC disclosed this in its order on the capping of […]
Enugu lawmakers ask power ministry, NERC to review EEDC’s nauseating monopoly in South East
Ben EguzozieFebruary 20, 2020
…as 70% of DisCo’s customers is unmetered …barrage of complaints mount Ben Eguzozie, in Port Harcourt Enugu State House of Assembly members have asked the federal ministry of power to review the rather nauseating monopoly being enjoyed by the Enugu Electricity Distribution Company (EEDC) in the South-East; saying that the electricity distribution company’s (DisCo) has […]
TCN installs 68 transformers, eyes 10,000MW transmission capacity
Businessam StaffJanuary 23, 2020
Nigeria’s power transmission capacity has increased beyond the 8,100 megawatts recorded in December 2018, as the Transmission Company of Nigeria plans to evacuate 10,000MW of electricity. It was also gathered that the federal government-owned transmission firm installed 68 transformers across the country between 2017 and October 2019. Usman Mohammed, the managing director of the TCN, […]
Solution to poor electricity beyond recapitalisation of Discos, says electricity group
Businessam StaffJanuary 16, 2020
A group, the All Electricity Consumers Protection Forum, says the solution to the power challenges preventing stable electricity supply in the country lies beyond recapitalisation of the 11 Distribution Companies (Discos). Its National Coordinator, Mr Adeola Samuel-Ilori, made the assertion on Thursday in Lagos while reacting to the push for the recapitalisation of the Discos […]
TCN to push for Discos’ recapitalisation
Businessam StaffJanuary 13, 2020
Power distribution companies must be recapitalised for Nigeria’s power industry to work and the Transmission Company of Nigeria has vowed to push for the Discos’ recapitalisation this year. Speaking on some of the company’s targets for 2020 in the latest Power Wheel interview of the TCN obtained in Abuja on Sunday, the Usman Mohammed, managing director of […]