ELECTRICITY NIGERIA

WorldStage Economic Summit 2023 set for National Dialogue on Electricity   As stakeholders in the Nigerian economy take stock of the recently signed Nigeria Electricity Act 2023 by President Bola Tinubu with the hope that it will address the multifarious challenges across the electric power sector, the WorldStage Economic Summit (WES) has resolved to host  […]

ELECTRICITY: APLE seeks NERC’s approval to implement Extra Ordinary tariff in Aba By Eyo Nsima APL Electric Company Limited, APLE, has sought the approval of the Nigerian Electricity Regulatory Commission, NERC, to implement the Extra Ordinary tariff in Aba, Abia state. The request is based on the desire of the company to cover the cost

NIGER: Pains as Nigeria disconnects supply of 150MW daily By Eyo Nsima There is serious hardship as Nigeria disconnects the supply of 150 megawatts, MW of electricity as part of measures targeted at restoring democracy in Niger, currently under military dictatorship. The electricity, which Nigeriens and other nationals depend on to power their economic and

By Eyo Nsima The Nigerian Electricity Regulatory Commission, NERC, has put Nigeria’s pre-metered customers at only 42.25%. In its 4th quarter of 2022 report obtained by The Daily, www.thedaily-ng.com, the agency that regulates activities in the sector, stated: “The NESI continues to be challenged by the inadequate deployment of end-use customer meters – as of

Electricity tariff: Eleven DisCos submit fresh application to NERC By Eyo Nsima Eleven Electricity Distribution Companies, DisCos, have submitted a fresh application to the Nigerian Electricity Regulatory Commission seeking approval to review their tariff. In a notice obtained by The Daily, www.thedaily-ng.com, NERC, stated: “Pursuant to Section 116 (1) and 2(a&b) of the Electricity Act 2023

By Eyo Nsima Barely less than one day to the much-talked-about July 1, 2023 electricity tariff increase in Nigeria, consumers continue to recharge more than before, hoping to cut costs when it becomes operational. Checks by The Daily, www.thedaily-ng.com, indicated that many customers, including households and organisations have intensified efforts to recharge their prepaid meters.

ELECTRICITY TARIFF: Recharge, gain more before July 1, 2023 — DisCos By Eyo Nsima The Electricity Distribution Companies, DisCos, have urged consumers to recharge their prepaid meters ahead of the planned increase in tariff scheduled to start on July 1, 2023. In their several messages to the consumers, the DisCos, noted that they would safe

ELECTRICITY: Nigeria’s generation drops 37% to 2,649.9MW By Our Correspondent Electricity generation in Nigeria remained low at 2,649.9 megawatts, MW, grossly inadequate considering the nation’s over 200 million population. The generation dropped by 37 per cent to 2,649.9 megawatts, MW on Wednesday, this week, from 4,207.05 MW recorded the previous day. Checks by The Daily, www.thedaily-ng.com,

EXPLAINER: Nigeria’s Electricity Act By Odion Omonfoman The Electricity Act, EA 2023 has a number of new provisions worth studying by market participants in the Nigeria Electricity Supply Industry, NESI, including investors across the electricity value chain, the Federal Ministry of Power, State Governments, and even the Nigerian Electricity Regulatory Commission, NERC.   Key provisions