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The Nigerian Electricity Regulatory Commission (NERC) has, vide its Order No NERC/181/2018 of June 19th 2018, suspended the Board of Directors and other key management staff of Ibadan Electricity Distribution Company (IBEDC) on account of the company’s default in the recovery of an inappropriate shareholder loan of N6billion granted to Integrated Energy Distribution and Marketing […]
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The Nigerian Electricity Regulatory Commission (NERC) in pursuit of overriding public interest has granted a 9.5megawatts embedded electricity generation licence to Ariaria Market Independent Power Plant Limited and an Independent Electricity Distribution Licence to distribute same within Ariaria Market to Ariaria Independent Energy Distribution Network Limited. The licences, issued in line with Section 71(6) of […]
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Following recent inaccurate reports in the media, the Nigerian Electricity Regulatory Commission (the “Commission”) hereby reaffirms that there are no plans to dump the Multi Year Tariff Order (MYTO) framework used in determining end-user tariffs based on revenue requirement of the electricity industry. As part of the periodic evaluation of software models utilized by the […]
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The Minister of Power, Works and Housing, Mr. Babatunde Fashola (SAN), on behalf of President Muhammadu Buhari, on Thursday inaugurated Prof. James Momoh, as the third substantive Chairman of the Nigerian Electricity Regulatory Commission (NERC). Speaking shortly after the oath of office was administered on Momoh by the Director of Legal Services in the Ministry […]
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Following the Commission’s approval of the Meter Asset Provider (MAP) Regulations 2018, applications were invited from interested investors for ‘No Objection’ from the Commission. MAP Regulations is intended to facilitate closure of the wide metering gap in the Nigeria Electricity Supply Industry (NESI) within three years. The ‘No Objection’ is to qualify intending investors to […]
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In a renewed bid to ensuring that electricity customers only pay for what they actually consume, the Nigerian Electricity Regulatory Commission (NERC) has approved a regulation that provides for the supply, installation and maintenance of end-user meters by other parties approved by the Commission. The regulation is expected to fast track a closure of the […]
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… Ordered to recover N5.75bn inappropriate transactions with interest Following the outcome of an open book review conducted on the financial records of Ibadan Electricity Distribution Company plc (IBEDC), the Nigerian Electricity Regulatory Commission found the company wanting on two grounds of inappropriate financial transactions and was subsequently fined a sum of N50m. The fine […]
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Further to the Directives over the weekend of 9th June, 2017 on the verification and validation of the Maximum Demand (MD) electricity customers metering exercise, the Commission wishes to clarify that the affected electricity customers are those within the threshold of 45kVA consumption and above. The Directive to exempt MD customers from estimated bills was […]
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In a major policy directive, the Honourable Minister of Power, Works & Housing, Mr. Babatunde Raji Fashola, has on May 15, 2017, declared four (4) categories of eligible customers in the Nigerian Electricity Supply Industry (NESI). The declaration which permits electricity customers to buy power directly from the generation companies is in line with the […]
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The Nigerian Electricity Regulatory Commission (NERC) few moments ago received a report on an accident in Calabar, Cross Rivers State, where some Nigerians were reportedly electrocuted and others sustained various degrees of injuries. The preliminary report of our investigation indicates that the accident occurred when an 11KV high tension line under which a television viewing […]
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