NESI
EEDC implements new revised service reflective tariff in South East
The Enugu Electricity Distribution Company (EEDC), on Monday, said it had begun implementation of the new revised Service Reflective Tariff (SRT) within the South-East. The review was based on the outcome of joint consultative meetings held between Federal Government, labour unions and stakeholders, following concerns expressed over the basis for the Service Reflective Tariff earlier planned to be implemented from Sept. 1, 2020. The Head, Corporate Communications, EEDC, Mr Emeka Ezeh, said in a statement in Enugu that the new revised tariff, which took effect on Nov. 1, was approved by the Nigerian Electricity Regulatory Commission (NERC). Ezeh said that as a result of this development, customers on prepaid platform would begin to experience the revised tariff as they recharge their meters...
NERC: DISCOs collected N114 billion revenues in Q1 of 2020
The latest quarterly report issued by the Nigerian Electricity Regulatory Commission, NERC, showed that a total of N114 billion was collected as revenue by the 11 electricity Distribution Companies, DISCOs, in the first quarter of 2020. The report also indicated that while the collection efficiency decreased considerably, the regulatory agency listed Abuja, Benin and Eko DISCOs as the companies with the most efficient collection systems. Meanwhile, the report which covered the first quarter of 2020 also showed that the country generated more electricity compared to the last quarter of 2019 with total electricity generated put at 8,613,998MWh, 6.33 per cent more than the energy generated during the preceding quarter. The regulatory agency noted that the collection efficiency implied that fo...
Senator Lawan: Why privatisation of power sector must be reviewed now
President of the Senate, Ahmad Lawan, has called for the immediate review of the privatization exercise of the power sector by previous administrations. Lawan gave the charge in his concluding remarks on a motion considered on the floor during plenary on Tuesday. The motion titled: “Power Sector Recovery Plan and the Impact of COVID-19 Pandemic” was sponsored by Senator Gabriel Suswam (PDP – Benue North East). The Senate President, who bemoaned what he described as the “inefficiency of Power Generating and Distribution companies” in the country, called for a review or eventual reversal of the terms of privatization. According to Lawan, parties involved in the shared purchase agreement with the federal government can only seek the intervention of the latter when sufficiently justified. “The...
