Tag: Nigerian Electricity Regulatory Commission
The Nigerian Electricity Regulatory Commission (NERC) has ordered the electricity distribution companies in Nigeria to suspend the implementation of the new electricity tariffs they introduced on September 1, for two weeks. Former DG of the NERC, Sam Amadi joins CNBC Africa’s Christy Cole to discuss latest power sector developments in Nigeria.
The Nigerian Electricity Regulatory Commission says there will be no tariff action in April, as the proposed increase in electricity tariffs initially slated for today has been delayed for three months. Nigeria's electricity regulator also notes that tariffs will only be raised as the Distribution Companies improve the quality of supply, meter customers and agree with consumers on rates. George Etomi, Director of the Eko Electricity Distribution Company joins CNBC Africa for more.
A Federal High Court in Lagos has passed a ruling ordering the Nigerian Electricity Regulatory Commission to retain its status quo in regards to the planned electricity tariff hike by the regulator. Chinedu Anaje, Managing Partner at A02 Law joins CNBC Africa for more.
The Association of Nigerian Electricity Distributors says Discos will need an estimated N8.7 billion annually to meet the new remittance expectations set by the Nigerian Electricity Regulatory Commission (NERC). Director of Eko Electricity Distribution Company, George Etomi joins CNBC Africa for more.
The Nigerian Electricity Regulatory Commission says it aims to close the existing five million metering gap, within the next three years.
In its first-quarter report, the Nigerian Electricity Regulatory Commission says only about 42 per cent of registered electricity customers have been metered, while financial illiquidity remains the most significant challenge affecting the industry's sustainability. Sam Amadi, Former Chairman of the National Electricity Regulation Commission joins CNBC Africa from Imo state, Nigeria to discuss the regulator's first-quarter report.