Nigerian Electricity Distribution Companies (DisCos) recorded the sum of N431.16 billion as revenues from customers in Q2 2024, reflecting a collection…
Browsing: DisCos
Under thenew directive by NERC, DisCos are now required to establish direct contracts with power Generation Companies GenCos, bypassing the government-owned Nigerian Bulk Electricity Trading Company (NBET).
The Nigerian Electricity Regulatory Commission (NERC)has threatened sanctions against electricity distribution companies or DisCos if they failed to take up at least 95 per cent of the total monthly energy allocated for distribution.
“Dear esteemed customers, Please be informed that there is an upward tariff review for our Band A feeders from N206.80/kWh to N209.5/kwh effective 1st July 2024. The guaranteed availability of a minimum of 20 hrs per day still stands.
According to the breakdown, Ikeja Electric has highest share with N4.36 billion, followed by Abuja DisCo, N2.99 billion; Eko DisCo, N2.92 billion; Ibadan DisCo, N2.51 billion; Enugu DisCo, N1.72 billion; and Benin DisCo, N1.57 billion.
The Nigerian Bar Association (NBA), Ikeja Branch, has given the Federal Government and Electricity Distribution Companies (Discos) a seven-day ultimatum…
They wrote to us and said they want a new tariff because dollar has changed and so on and so forth. For a week in the whole of July of last year, we held rate case hearings which is in line with international best practices. We invited consumers to discuss the proposal by the DisCos.
Some power experts have expressed their dissatisfaction with the 300 percent increase in electricity tariffs approved by the Nigerian Electricity…
The number of electricity consumers rose by 410,000 from 11.71 million in the third quarter of 2023 to 12.12 million…
The Nigerian government has threatened it would revoke licenses of power Distribution Companies (DisCos) owing to the ongoing outrages across…