Lagos Disco News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Prof. Wumi Iledare, Professor of Petroleum Economics and Policy Research, commented: "The new tariff may be based on an increase in the wellhead price for gas. We must agree, however, that N68 per KWhr is a substantially lower price ceiling than the current market clearing price. N68 is likewise not close to the fair return price of an economic good with a declining marginal and average cost curves.

In a notice to its customers, the management of Eko Electricity Distribution Company, EKEDC, stated: “Kindly be informed there was a system collapse at 16.28 hours, which has resulted in a loss of power supply across our network.

The Statement reads, “NERC will look at performance on a case by case basis. Sanctions and actions will not be the same. Ensure that you improve your efficiency. If your efficiency is at the level expected, you will get your full OPEX. If you don’t perform, you will only get 50% of your admin OPEX.”

The Nigerian Electricity Regulatory Commission (NERC) has developed an application that will help citizens lodge complaints about power outages and disruptions across the country. Sanusi Garba, the NERC chairperson, while speaking during the app’s launch in Abuja on Monday, said the initiative is in line with the commission’s pledge to improve service delivery to customers.

”This quantity proved insufficient to adequately fuel our Gas turbine, which boasts a capacity of 125MW (ISO rating). Adding to these unforeseen circumstances, the Gas Aggregation Company of Nigeria, GACN, also communicated with NDPHC around 10:30 hours on the same day, August 6, 2023...