EXPERTS have concluded that electricity tariffs should be raised to an amount that is profitable for gas suppliers and power companies, and that government should regulate pricing to create a willing-buyer/willing-seller situation across the gas supply value chain. Doing this will encourage greater investment especially foreign ones in Nigeria’s gas sector, improve gas reserves utilisation…
It was a moment of applause for Governor Ifeanyi Ugwuanyi of Enugu State on Monday as the Enugu Electricity Distribution Company, EEDC, inaugurated a 7.5MVA injection substation in Enugu. Speaking while commissioning the project, the Senator representing Anambra Central, Senator Victor Umeh disclosed that Nigeria needed power supply to enhance economic development and improve lives….
Inadequate gas supply to the generating plants and limited distribution facilities have resulted in the cumulative loss of N108.15 billion in July and August, 2018. A compilation by Vanguard, based on reports obtained from the office of the Vice President, Prof. Yemi Osinbajo, showed that a total of N50,082 billion was lost in July while…
The Nigerian Electricity Regulatory Commission (NERC) has said that reported decisions of electricity distribution companies (Discos) in Nigeria’s power market to collect financial proceeds from their sale of electricity to consumers in the country but turn around to remit whatever amount they liked to the power market is wrong and discouraging investments in the sector….
The Nigerian Electricity Regulatory Commission (NERC) has ordered electricity distribution companies to refund monies paid by persons who did not receive meters under the scrapped Credited Advanced Payment for Metering Initiative (CAPMI). The directive was given at a meeting between NERC and stakeholders in the power sector held in Abuja. ThisDay newspaper reported that a…
The Nigerian Electricity Regulatory Commission (NERC) has granted 69 firms permits to fund purchase, installation and replacement of meters to meet the 11 electricity distribution companies (Discos) metering gap and obligations to their customers. The grants which were sequel to the commission’s approval of the Meter Asset Provider (MAP) Regulations 2018, were intended to facilitate…
The Nigeria Electricity Regulatory Commission NERC ) has barred the Electricity Distribution Companies (DisCos ) from disparaging the Minister of Power, Works and Housing, Babatunde Fashola. In a communique issued after a meeting with the DisCos, it was agreed that the Legal Counsel of the Electricity Distribution Companies representing ANED, should never in whatsoever way interfere…
US LNG exporter Cheniere has secured an approval from the Federal Energy Regulatory Commission to introduce feed gas for the commissioning of the fifth train at the Sabine Pass facility in Louisiana. In a letter order dated September 6, FERC said that request from Sabine Pass Liquefaction and Sabine Pass LNG to introduce feed gas for the…
Plans are in top gear for the commencement of the training of Ogoni women in various aspects of agricultural business, as part of efforts for the restoration of livelihoods of the people of Ogoni, as recommended by the United Nations Environment Programme, UNEP. In this regard, the Hydrocarbon Pollution and Remediation Project, HYPREP, the Federal…
Electricity distribution companies or Discos have been ordered by the Nigerian Electricity Regulatory Commission, NERC, to refund money collected from unmetered customers under the scrapped Credit Advanced Payment for Metering Implementation, CAPMI. The order was given in a communique issued at the end of a meeting held with Discos last week. According to the communique…