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Posted By Admin on 16th Oct 2017   

The Managing Director/Chief Executive Officer, Niger Delta Power Holding Company, Mr. Chiedu Ugbo, tells OKECHUKWU NNODIM that power distribution companies must clear their indebtedness to the Nigerian Bulk Electricity Trading company, among other issues The electricity market does not get the required…

Posted By Admin on 16th Oct 2017   

The tariff payable by electricity consumers may increase by 61.5 per cent any time soon following the latest revelation by the Nigerian Electricity Regulatory Commission on Friday that it was waiting for a final approval from the Federal Government before…

Posted By Admin on 13th Oct 2017   

The Nigerian Electricity Regulatory Commission was empowered under the Electric Power Sector Reform Act 2005 to license persons engaged in electricity generation, transmission and distribution among many other activities. Condition 39 (2) of the License Terms and Conditions of the…

Posted By Admin on 13th Oct 2017   

The Federal Government has initiated a business model to end estimated billing for every electricity customers in the next three years. The proposed business model provides for the licensing of Meter Services Providers (MSP) by the Commission who would, on a…

Posted By Admin on 13th Oct 2017   

Following the outcome of an open book review conducted on the financial records of Ibadan Electricity Distribution Company plc (IEDC), the Nigerian Electricity Regulatory Commission found the company wanting on two grounds of inappropriate financial transactions and was subsequently fined…

Posted By Admin on 13th Oct 2017   

The management of General Electric (GE) has set out conditions before it can invest in Nigeria’s Electricity Distribution Companies (DisCos), The Nation reports. The power giant is insisting on a sovereign guarantee from the Federal Government. The request came at the meeting…

Posted By Admin on 13th Oct 2017   

The eleven electricity distribution companies on the platform of the Association of Nigerian Electricity Distributors (ANED), yesterday at a workshop disclosed that they have reduced customers’ metering gap to 2.2 million from the five million they inherited since the power…