In letter to NERC, DisCos exonerate selves from poor electricity market

In a letter to the Nigerian Electricity Regulatory Commission (NERC) dated June 29, distribution companies (DisCos) noted that COVID-19, debt-laden balance sheet, stringent rules on remittance and the introduction of an untested tariff model further weakened electricity market, but was silent on their own role. According to the DisCos, implementing a cap on estimated billing……

Market constraints, estimated billing, debts top DisCos’ concerns about new electricity tariff

Implementing a cap on estimated billing when about 60 percent of customers have no meters and ordering a tariff increase when their books are filled with debts are some of the major concerns underlying DisCos’ request to postpone the tariffs to next year. In a letter to the Nigerian Electricity Regulatory Commission (NERC) dated June 29, DisCos urged…

Why we are against increasing electricity tariff now – DisCos

Though the current electricity tariff charged customers is lower than the cost, electricity distribution companies (DisCos) who have always called for an increase say they will back the new tariff plan if problems with collections and technical losses are resolved. The Multi-Year Tariff Order (MYTO), which regulates electricity pricing in Nigeria, prices the average cost……

NLC commends Senate for rejecting electricity tariff hike

…Demanding reversal of power sector privatisation The Nigeria Labour Congress (NLC) has commended the Senate for calling off the threat by Electricity Distribution Companies (DisCos) to hike the electricity tariff […] The post NLC commends Senate for rejecting electricity tariff hike appeared first on Daily Times Nigeria . Nigeria News from Nigeria Newspapers Find more…

In curious twist to new tariff, DisCos lobby legislators to block increase

Nigeria’s beleaguered electricity sector faces imminent collapse after owners of the power distribution companies lobbied the leadership of the National Assembly on Monday afternoon to force a delay in the introduction of new service reflective tariff planned to commence nationwide tomorrow. Flying in chartered jets, the private sector owners and managers of the DisCos headed…

DisCos decry NERC’s attempt to distance self from new tariff regime

The Electricity Distribution Companies (DisCos) have decried the recent attempt by their regulatory body, the Nigerian Electricity Regulatory Commission (NERC), to distance itself from the July 1 commencement of a new service based electricity tariff regime. This position was contained in a statement issued by their umbrella body, the Association of Nigerian Electricity Distributors (ANED),…

Help bring down price of gas ― DISCOs beg FG

Say thermal accounts for 80% of energy generation mix Lament sector’s N1.5tn liquidity gap By Chris Ochayi The electricity Distribution Companies, DISCOs, have called for Federal Government intervention on the high cost of gas, nothing that helping to bring down the price of the product would ensure the sustainability of the power sector. This Executive…

Uncertainty clouds DisCos operations as performance agreement nears review

A cloud of uncertainty hangs over the operations of Nigeria’s 11 electricity distribution companies (DisCos). This is as the November deadline for review of their performance agreement with the Federal Government approaches. The national electricity assets privatised and handed over to its new owners in November 2013. According to the privatisation rules drawn up in……

Uncertainty clouds DisCos operations as performance review nears

A cloud of uncertainty hangs about the operations of Nigeria’s eleven electricity distribution companies (DisCos) as the November deadline for review of their performance agreement with the Federal Government when privatised national electricity assets were handed over to them, approaches.   According to the privatisation rules drawn up in 2005, successful core investors were required……

11 DISCOs’ debts to NBET, MO hit N112bn in Q1’18 – NERC

Nigerian Electricity Regulatory Commission, NERC, has disclosed that the nation’s 11 Electricity Distribution Companies, DISCOs’debts to Nigerian Bulk Electricity Trader, NBET, and Market Operator, MO, are still below 30 percent as they paid only N51.2 billion of the N163.1 billion issued to them in the first quarter of 2018, Q1’18. Continue reading 11 DISCOs’ debts…