Tags Electricity tarriff

Tag: Electricity tarriff

Interest Rate May Rise Above 30%

Average interest rates to end-users may rise above 30 per cent in future as banks begin to adjust lending rates to the new Monetary...

Discos reject 2,495.3MW in one week – Report

A total of 2,495.3 megawatts of electricity was not utilised nor distributed by power distribution companies in one week, despite the demand...

Electricity: Anger, confusion over frequent system collapse

Nigerians, at the weekend, expressed their displeasure over the nation’s deteriorating power infrastructure after electricity transmission grid collapse left millions in  darkness. It was...

FG Increases Prices Of Electricity Meters

The Federal Government has raised the cost of both single-phase and three-phase electricity meters beginning from November 15, 2021.

Gencos Loses N1.66tn Over Non-Payment For Unused Power

Power generation companies in Nigeria have said they suffered a loss of N1.66tn in seven years as a result of non-payment for...

Available Power Generation Capacity Plunges by 3,000MW – Gencos

Power generation companies on Wednesday declared that the country’s available electricity capacity had dropped by about 3,000 megawatts. Executive...

Labour warns FG against electricity tariff hike, faults ‘plan’ to sell TCN

The Nigeria Labour Congress faulted plans to allegedly sell the Transmission Company of Nigeria, saying it will lead to an increase in...

Power Distributors Get CBN Loans To Tackle Funding Crisis

The Central Bank of Nigeria is now providing loans to electricity distribution companies to cover the collection and operational expenditure shortfalls of...

NDPHC Substations Increase To 22, Plants Generate 3,400MW

The Niger Delta Power Holding Company has increased its electricity substations to 22, as six of its power generating plants now contribute...

Reps Direct NERC To Halt Electricity Tariff Hike

The House of Representatives has asked the Federal Government to direct the Nigerian Electricity Regulatory Commission (NERC) to halt with immediate effect,...

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