The Nigerian Electricity Regulatory Commission (NERC) has announced the transfer of regulatory oversight for the electricity market in Lagos State to the newly established Lagos State Electricity Regulatory Commission (LASERC). The announcement was made in a statement released on Thursday via X, formerly known as Twitter. This move aligns with […]
NERC
The Nigerian Electricity Regulatory Commission (NERC) has granted permits to various companies, including MTN Communications Nigeria Plc and Golden Penny Power Limited, to generate mini-grid electricity. This initiative is part of efforts to boost off-grid power solutions in the country. According to NERC’s report for the first quarter of 2024, […]
In a bid to enhance electricity generation, transmission, distribution, trading, and system operations in Nigeria, the Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has recently granted 13 new licenses. These licenses cover various aspects of the power sector, including off-grid and embedded power generation, independent electricity distribution, and […]
Amidst widespread speculation in the recent months within the economic landscape, the Nigerian Electricity Regulatory Commission (NERC) has officially sanctioned the proposal to increase tariffs for the 11 Electricity Distribution Companies (DisCos) in the West African nation. Following the regulatory green light for tariff adjustments, the DisCos are poised to […]
In the first quarter of 2023 (Q1’23), despite assurances from the federal government, the growth in the installation of prepaid meters remained sluggish. The number of prepaid meters installed increased by 3.95% quarter-on-quarter (QoQ), reaching a total of 171,107 units. This modest rise came in comparison to the 164,612 meters […]