LAGOS JUNE 18TH (NEWSRNAGERS)-Electricity Distribution Companies in Nigeria have announced a rise in the price for various electricity meter models, marking the second price hike in four months. According to the DisCos, the cost of a single-phase meter has risen from approximately N117,000 to as much as N149,800. This amount indicates an increase of 28.03…
LAGOS MAY 16TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission (NERC) has put a stop to a sharp practice by electricity distribution companies (DISCOs) in the country. Hitherto, DISCOs in the country have engaged in the practice of billing customers disconnected from electricity supply due to non-payment. The practice has resulted in protests and litigations among customers…
LAGOS MARCH 3RD (NEWSRANGERS)-As many homes and businesses continue to groan under poor power supply and lack of prepaid meters, the Nigerian government has vowed to sanction “underperforming” distribution companies. This comes more than eight years after the country’s power sector was privatised, leading to the transfer of the distribution and generation companies carved out…
LAGOS FEBRUARY 8TH (NEWSRANGERS)-An Ikeja High Court has fixed March 2 for hearing of a suit against Ikeja Electric and Eko Electricity Distribution Company over their failure to implement the order capping estimated billing of some of their customers. The suit, which would be heard before Justice Lateef Lawal-Akapo, was filed by the All Electricity…
LAGOS OCTOBER 28TH (NEWSRANGERS)-There are indications that the Federal Government may, in the coming weeks, take punitive measure over the operating licences of some power distribution (DisCos) and generation (GenCos) companies. The Guardian gathered this may not be unconnected with the poor performance by some critical stakeholders in the value chain. While President Muhammadu Buhari…
LAGOS MAY 29TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission (NERC) has moved to enforce compensation to electricity consumers for the under-supply of power to their homes and businesses with effect from July. This follows several complaints by energy consumers that the Service-Based Tariff (SBT), which has led to a huge increase in electricity bills paid by…
LAGOS FEBRUARY 22ND (NEWSRANGERS)-The Federal Competition and Consumer Protection Commission (FCCPC) says it will commence enforcement of the Nigerian Electricity Regulatory Commission (NERC) billing cap order to ensure effective consumer protection. Mr Babatunde Irukera, the Executive Vice Chairman of the commission, stated this in Abuja, that the move was a more strategic approach toward intervening…
LAGOS FEBRUARY 16TH (NEWSRANGERS)-Barely four and half months after the official launch and roll-out of the Federal Government’s National Mass Metering Programme (NMMP), the programme has been dogged by allegations of fraud and corruption against electricity distribution companies (Discos) saddled with the task of installing the meters. It would be recalled that the Federal Government…