NERC Slams AEDC with ₦1.69bn Fine for Overbilling Customers
The Nigerian Electricity Regulatory Commission (NERC) has imposed a hefty fine of ₦1.69 billion on Abuja Electricity Distribution Company (AEDC) for overbilling its customers. According to NERC's September 2024 Supplementary…
National Grid Crisis: Transformer Explosion Causes Third Collapse – NERC
•Promises Investigative Hearing as Power Outages Disrupt States The Nigerian Electricity Regulatory Commission (NERC) has confirmed that a current transformer explosion triggered the latest collapse of the national power grid,…
Electricity Subsidy to Hit N2.4tn by Year-End, FG Reveals
The Federal Government has projected that it will spend a staggering N2.4 trillion on electricity subsidies by the end of 2024. This revelation came from the Nigerian Electricity Regulatory Commission…
NERC Releases Fresh Guidelines On Electricity Tariff Hikes
The Nigerian Electricity Regulatory Commission (NERC) has released new guidelines on electricity tariff hikes. The guidelines are based on the 2023 Electricity Act, which requires operators to ensure electricity companies…
Togo, Benin, Niger Owe Nigeria $18.29m Electricity Bill For 2022 — NERC
The Nigerian Electricity Regulatory Commission (NERC) has revealed that about three of Nigeria's foreign electricity customers owe the country $18.29 million in electricity bills in 2022. According to NERC, Togo,…
Electricity Subsidy: N36bn Paid in 3 Months – NERC
The Nigerian Electricity Regulation Commission (NERC) has revealed that the federal government paid N36bn to subsidise electricity consumption in the first quarter of 2023. NERC who made this know in…
FG Announces N1.6trn Subsidy For Nigerians
The Federal Government of Nigeria has announced a N1.6 trillion electricity subsidy for Nigerians. Daily Report Nigeria reports that the government also halted its initial plan to hike electricity tariff…
NERC Yet to Receive Official Directive to Revert Electricity Tariff Hike
The Nigerian Electricity Regulatory Commission (NERC) has revealed that it is yet to receive official communication from the House of Representatives to reverse the recent electricity tariff hike imposed on…
How International Customers Owe Nigeria $14.19m In Unpaid Electricity Bills
Nigeria's international electricity customers have failed to pay a total of $14.19 million in unpaid electricity bills for the first quarter of 2024, according to a report by the…