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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…

Posted By Admin on 13th Oct 2017   

The Association of Nigerian Electricity Distributors (ANED) has disclosed that the current revenue shortfalls that have accumulated from the inability of the Nigerian Electricity Regulatory Commission (NERC) to allow the 11 electricity distribution companies (Discos) in the country’s power sector…

Posted By Admin on 13th Oct 2017   

Ikeja Electric has signed a Memorandum of Understanding (MoU) with Mojec International Limited, a local meter manufacturer, for the supply of 2,055 distribution transformers (DT) meters worth about N570 million, The Nation reports. The agreement signing ceremony took place in Lagos yesterday…