ANED says it has right to protect Discos
The Association of Nigerian Electricity Distributors (ANED) has told the Nigerian Electricity Regulatory Commission (NERC) it has legal backing to protect interests of the Distribution Companies (DisCos).
Resetting power port-privatisation market
As the five-year Performance Agreement, which the 11 electricity distribution companies (DisCos), elapses in November, experts have called on the Federal Government to reset the market, and initiate a new set of agreements with the investors, if Nigeria’s desire for a stable and efficient power sector is to be achieved.
NERC confirms metering of 3.434 million customers
The Nigerian Electricity Regulatory Commission (NERC), has identified metering as a key challenge facing the power sector, as a little over 3.434 million (about 42 per cent) of the over 8.135 million registered electricity customers have been metered as at the end of the first quarter (Q1) 2018.
Reset market, implement cost reflective tariff to attain steady power, expert urges FG
As the five years Performance Agreement which the 11 Electricity Distribution Companies signed with the Federal Government lapses, November this year, experts have called on the Federal Government to reset the market and commence a new set of agreements with the investors, if the nation is desirous of a stable and efficient power sector. A…
Power sector fortunes dwindle amid high expectations
Inadequate gas supply, transmission bottlenecks and limited distribution networks are currently the major setbacks faced by the power sector, not leaving out the liquidity challenge in the electricity industry, with particular emphasis on the poor remittance by the power distribution companies ...
DisCos’ debts to NBET, market operator hit N103 billion
The Electricity Distribution Companies (Discos) in Nigeria are indebted to the Nigerian Bulk Electricity Trader (NBET), and Market Operator (MO) to the tune of N103billion, according to the Nigerian Electricity Regulatory Commission recent (NERC) report released this week. DisCos were issued an invoice totalling N147billion for energy received from NBET and for the service charge…
Akeredolu tasks discos on provision of meters to avoid rift
Gov. Rotimi Akeredolu of Ondo State has called on distribution companies (DISCOS) in the country to provide meters for all homes to avoid rifts between their staff members and their consumers. Akeredolu said this on Monday at the inauguration of 60MVA transformer at the 132/33kV transmission substation in Akure. He said that if every customer…
DisCos flay TCN’s N72 billion investment in networks
Electricity distribution companies (DisCos) have frowned at a N72 billion investment by the Transmission Company of Nigeria (TCN) in the networks without recourse to the managers.
Again, Fashola blames DISCOS for poor power supply
Nigeria’s minister for power, works and housing, Babatunde Raji Fashola, on Friday said electricity distribution companies are responsible for poor power supply in the country. The minister who spoke during an interactive session with members of the public held in Lagos said power generation in the country has increased from 4000 mega watts to 7000…
As DISCOs throw in the towel
Keen observers and genuine opponents of privatisation of the power sector must be giggling at the recent turn of events. Core investors of Electricity Distribution Companies...