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Nigerian Electricity Regulatory Commission deregulates meter prices

In a bid to adapt to shifting economic realities and empower consumers, the Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of meter...

FG announces increase in gas prices, sparks concerns over electricity tariff hike

In a move that could reverberate across Nigeria's energy landscape, the Federal Government unveiled a significant hike in the price of natural gas for...

FG threatens 50% cut in expenditures for underperforming Discos

At the inaugural Nigeria Electricity Supply Industry (NESI) Stakeholders Meeting of 2024 held in Lagos, the Federal Government, through the Nigerian Electricity Regulatory Commission...

Nigerian power distribution companies overbill 7.1 million unmetered consumers

An analysis of the latest monthly data on overbilled customers has revealed that power distribution companies in Nigeria overcharged approximately 7.1 million unmetered electricity...

NERC imposes sanctions on power distribution companies over billing infractions

In a bid to address the ongoing concerns of excessive billing for unmetered customers, the Nigerian Electricity Regulatory Commission (NERC) has taken decisive action...

Nigeria boosts power infrastructure with 13 new licenses for off-grid generation and electricity trading

In a significant move towards expanding Nigeria's power infrastructure, the Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has granted 13 new licenses...

Nigeria’s power sector liquidity soars to N900bn: FG declares significant fiscal relief

In a notable development, the Federal Government announced on Thursday that Nigeria's power sector's liquidity has surged from N282 billion in 2015 to an...

FG hikes electricity meters price by 40%, consumers kick

The Federal Government announced on Wednesday an increase in the prices of single-phase and three-phase pre-paid electricity meters and declared that the hike takes...

NERC urges users to update prepaid meters by November

The Nigerian Electricity Regulatory Commission (NERC) has urged prepaid meter users to update their meters before November 2024. NERC shared the update on its X...

Discos await NERC approval on tarric hike

Power distribution companies, on Monday, backtracked on their earlier announcement of a tariff hike projected to take effect from July 1, 2023, as they...

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