Just another News Updates
Fola Akinola, the CEO of Fermadec Group, disclosed that electricity distribution companies have temporarily closed their meter application portals to adjust meter prices in line with current economic conditions, according to a recent meeting with Minister of Power, Adebayo Adelabu, at his office in Lagos State’s Lekki area. Akinola emphasized that the previous meter prices […]
During the National Institute of Physics’ webinar series 2.0, Ali Ahmad, TCN’s general manager, disclosed that 60% of metered customers bypass meters. He highlighted that out of Nigeria’s estimated population of 230 million, only 13,112,134 Nigerians are officially registered to use electricity, with just 44.23% of them having meters, indicating the limited metering coverage in […]
The Federal Government has issued a stern warning to power distribution companies (Discos), emphasizing the necessity for accurate metering and discouraging estimated billing. In a recent meeting with investors/owners of Discos in Lagos State, the Nigerian Electricity Regulatory Commission (NERC) highlighted consumers’ dissatisfaction with estimated bills and the urgent need for meter provision. The lack […]
The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in the prices of prepaid electricity meters in the country. In a circular dated September 5, 2023, and signed by the Chairman of the Commission, Sanusi Garba, and the Commissioner for Legal, Licensing, and Compliance, Dafe Akpeneye, it was announced that the cost of a […]