Lagos — The Chairman of Kaduna Electric’s Board of Directors, Yusuf Hamisu Abubakar, has said the company is focused on…
Browsing: Nigerian Electricity Regulatory Commission
OpeOluwani Akintayo Lagos — Electricity Distribution Company, Ikeja Electric, has signed an agreement with Magodo Resident Association to invest in…
OpeOluwani Akintayo Lagos — The Nigerian Electricity Regulatory Commission, NERC, has issued permits to Port Harcourt Electricity Distribution Plc, Yola…
Mkpoikana Udoma 23 December 2018, Sweetcrude, Port Harcourt — In a bid to minimise gas flaring in the country, an indigenous…
OpeOluwani Akintayo 10 November 2018, Sweetcrude, Lagos — The Senate Committee on Power, Steel Development and Metallurgy on Friday promised…
OpeOluwani Akintayo 17 April 2018, Sweetcrude, Lagos — The Nigerian Senate on Tuesday confirmed Prof. James Momoh as Chairman of…
It noted that, “There are no free meters under the current tariff regime as all customers, including those on estimated billing, currently, pay for a return on the investment made by electricity distribution companies on meters in their networks.”
The regulation, which is slated to commence on April 3, 2018, is projected to close the metering gap and eliminate estimated billing in the Nigerian Electricity Supply Industry (NESI) within three years of coming into effect.
The Minister said the collections would facilitate increase in cash flows to the power sector value chain and ensure stability of federal government reforms in the sector, adding that, “If the market cannot pay for power distributed, the situation will remain unsustainable.”
“The metering gap for all distribution licensees was reported at 4,740,275 meters as of December 31, 2017. This is projected to significantly increase upon the conclusion of the ongoing customer enumeration exercise.”