TheNewsGuru

Tag: Electricity Market

  • BREAKING: NERC quietly approves increase in cost of electricity

    BREAKING: NERC quietly approves increase in cost of electricity

    The Nigerian Electricity Regulatory Commission (NERC) has quietly ordered electricity distribution companies to increase the cost of electricity across their franchise areas.

    TheNewsGuru.com (TNG) reports the Abuja Electricity Distribution Company (AEDC) confirmed the development on Wednesday.

    The tariff increase was first observed on the Tariff Band A Non MD, which was increased from N57.55 per unit in December to N68.2 per unit.

    When contacted, AEDC stated: “Good day, please be informed that the increase in Tariff is in compliance with NERC order”.

    BREAKING: NERC quietly orders increase in cost of electricity

     

    Meanwhile, neither the NERC nor the electricity distribution companies have released an official statement on the matter.

  • TCN suspends Kano DisCo from electricity market

    TCN suspends Kano DisCo from electricity market

    The management of Transmission Company of Nigeria (TCN), says it has issued suspension and disconnection orders to Kano Electricity Distribution Company (KEDCO) from the electricity market.
    The suspension order was posted on TCN’s twitter handle @TCN_Nigeria on Sunday.
    According to the twitter handle, the suspension order was as result of KEDCO’s default in the Market Conditions/Market Participation Agreements.