NERC, DisCos playing ping-pong with metering consumers
A German Philosopher, Arthur Schopenhauer once said that suffering by nature, or chance never seems so painful as suffering inflicted by the arbitrary will of another.
Six DisCos may evade NERC’s sanction after complying with remittance directive
The Nigerian Electricity Regulatory Commission (NERC) says six out of eight Power Distribution Companies (DisCos) have complied or substantially complied with the approved minimum remittance
DisCos require N8.7 billion to bridge NERC remittance order
Electricity Distribution Companies (DisCos), yesterday, said about N8.7 billion will be required yearly to comply with the remittance order set by the Nigerian Electricity Regulatory Commission (NERC). Calling the National Assembly to intervene in the current liquidity crisis in the power sector, Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan,…
GenCos tackle NBET over new administrative charge on gas payment
Electrifying generating companies (GenCos) in Nigeria have rejected the new administrative charge of 0.75 per cent introduced by the Nigerian Bulk Electricity Trading Plc (NBET) on cost of payment to gas suppliers.
Acute outage imminent as TCN, DisCos face-off deepens
The lingering challenges confronting the Nigeria Electricity Supply Industry (NESI) is taking the worst turn as face-off between Transmission Company of Nigeria (TCN) and Distribution Companies (DisCos) over a recently introduced minimum remittance order has continued .....
Fresh worry over electricity tariff increase, sector flaws
The move by the Nigerian Electricity Regulatory Commission (NERC) to fully implement the Multi-Year Tariff Order (MYTO) designed in 2015 and the Minimum Remittance Order for the Year 2019 has raised new arguments on the structure of the Nigerian Electricity Supply Industry (NESI).
Court orders release of payment details to runaway electricity contractors
A Federal High Court, Lagos has ordered the release of details of payments to all defaulting electricity contractors and companies...
Experts raise concern, seek review of power sector
Experts in the energy sector have raised fresh concern over the poor state of the Nigerian Electricity Supply Industry (NESI), saying the sector may collapse anytime soon unless government embarked on an urgent holistic review. The experts, gave the warning at the 2019 Energy Policy Roundtable on “Nigeria’s Electricity Challenges and Policy Bottlenecks,” in Abuja,…
Price stability, domestic content czar reigns
Alban William Housego Phillips, a New Zealand born economist, whose name was attached to post-war economics, was popularised by the term, “Phillips Curve”. The curve was all about establishing a relationship between inflation and unemployment rates. In other words, how much of inflation is needed to spur growth. His work really showed that there was…