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Power distribution companies are said to pulling available strings to avoid serious sanctions from the Nigerian electricity Regulatory Commission (NERC) following unpaid N34.05bn loan disbursed under the…
Despite epileptic power supply and frequent blackouts owing to national grid collapse, electricity consumers in the country paid N258.91 billion for electricity in the first seven months of 2022, the latest report from the Nigeria Bulk Electricity
Between January and June 2022, electricity distribution companies (DisCos) paid N212billion of their total invoice to the Nigerian Bulk Electricity
The COVID-19 pandemic, with its several waves since its outbreak in early 2020, has been a key factor in slowing progress toward universal energy access. Globally, 733 million people still have no access to electricity, and 2.4 billion people yet cook using fuels detrimental to their health and the environment.
Punch Newspapers Sections Okechukwu Nnodim, Abuja Power distribution companies that reject electricity load due to constraints in their networks will now have to pay for the capacity charge of the rejected energy, the Nigerian Electricity Regulatory Commission said on Thursday. On several occasions, power generation and transmission companies had complained that Discos were in the habit of rejecting electricity allocated to them for onward distribution to power users. Also, the Minister of Power, Sale Mamman, had condemned the practice. To address this, the NERC in its Guidelines for Implemen...