Tag: NERC
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NERC suspends electricity tariff hike for 2 weeks
The Nigerian Electricity Regulatory Commission(NERC) has ordered the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 tariff increase for 14 days. The commission’s suspension order of the Multi Year Tariff Order (MYTO) 2020 signed by Prof James Momoh, NERC’s Chairman was released on its web site on Wednesday. NERC suspension followed a joint…
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NERC orders DisCos to suspend electricity tariff hike
The Nigerian Electricity Regulatory Commission (NERC) has ordered the 11 Electricity Distribution Companies (DISCOs) to suspend the Sept. 1 tariff increase for 14 days. The suspension is in line with the agreement reached with the organised Labour on the suspension of strike over the hike in electricity tariff and increase in pump price of petrol.…
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No tariff increase for customers enjoying less than 12 hours electricity daily – NERC
The Nigerian Electricity Regulatory Commission (NERC) on Friday insisted that electricity Distribution Companies (DisCos) must not increase tariffs of customers enjoying less than 12 hours of power supply daily. Mr Dafe Akpeneye, NERC Commissioner, Legal Licensing and Compliance, made the clarification during the regulatory agency’s online town hall meeting with customers on the new electricity…
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Proposed electricity tariff won’t affect poor people – NERC
The Nigeria Electricity Regulatory Commission (NERC) Monday said that the proposed tariff increase that has been suspended will not affect poor electricity customers when it takes effect. In his presentation to the Senate Committee on Power at the commission’s head office in Abuja, the NERC chairman, Prof. James Momoh told the lawmakers who were in…
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Court overrules NERC on IBEDC board removal, nullifies commission’s regulation
An Abuja Federal High Court on Friday set aside the order of the Nigerian Electricity Regulatory Commission, (NERC) removing the Tunde Ayeni led Board of Directors of the Ibadan Electricity Distribution Company, IBEDC. In a landmark judgement, Justice Taiwo O. Taiwo of Abuja Federal High Court agreed with the submissions of Muyiwa Balogun Esq., Partner…
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Ikeja Electric conforms to AEDC, announces new electricity tariff regime
Ikeja Electric Plc (IE) has conformed to Abuja Electricity Distribution Company (AEDC) and announced the introduction of a new tariff regime known as service reflective tariff. TheNewsGuru.com (TNG) understands there will be a marginal increase in the cost of electricity per kWh with the new tariff regime, and IE on Friday, as with AEDC, said…
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Nigerians groan as DisCos introduce new electricity tariff regime
Electricity distribution companies in the country have announced the introduction of a new tariff regime known as service reflective tariff. TheNewsGuru.com (TNG) understands there will be a marginal increase in the cost of electricity per kWh with the new tariff regime. While other electricity distribution companies in the country are yet to announce date the…
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60% of Electricity Consumers in Nigeria on Estimated Billing – NERC
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that almost 60 percent of electricity users in the country are still on estimated billing. The commission made this known in the third quarter of 2019 report released recently where it was stated that 5.8 million Nigerians, which represented 59.7 percent of registered consumers, were still getting…
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NERC picks new date to implement increased electricity tariffs
The Nigeria Electricity Regulatory Commission (NERC) has insisted on starting the implementation of the new electricity tariff increases on April 1. The NERC dropped the hint that the Power Sector Review Programme (PSRP) has proposed the elimination of tariff support in the electricity market by the end of 2021, except for the less-privileged customers who…
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BREAKING: Reps panel orders NERC to suspend increment in electricity tariff
The House of Representatives Committee on Power has asked the National Electricity Regulatory Commission (NERC) to suspend the recently announced increase in electricity tariff. NERC had directed the electricity distribution companies (DisCos) to enforce an upward review of the tariff starting from April 1. But Committee chairman, Aliyu Magaji, at its meeting, asked NERC to…