DisCos reocup N1.27trn from Nigerians in 3 years

Electricity distribution companies collected a total of N1.27 trillion from customers in the last three years, data obtained from the Association of Nigerian Electricity Distributors on Thursday have shown. The association, said customers paid N363 billion in 2017, N437.9 billion in 2018 and N473 billion in 2019 as utility bills for connecting to and using the public electricity infrastructure. The Discos said the energy billed customers stood at 18,882 gigawatt-hours (equivalent to N597.3 billion) in 2017; 20,852 GWh (N661.6 billion) in 2018, and 21,702GWh (N695 billion) in 2019. The energy…

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Tariff increase: Discos get 85% collection order

The Nigerian Electricity Regulatory Commission has directed power distribution companies to collect an average of about 85.84 per cent of the newly increased electricity tariffs from affected customers between September and December. It disclosed this in its latest orders in the matter of the Extraordinary Review of Multi Year Tariff Order 2015, which were issued to the 11 Discos operating across the country. Power consumers, however, kicked against the tariff hike and the decision by NERC to grant approval to Discos to collect as high as over 80 per cent…

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Senate to begin 3-day probe into N1.8trn power intervention funds

Senate passes Finance Bill 2020

Beams searchlight on Ahmad, CBN, others The senate committee on power, said on Thursday that it has perfected plans to begin a three-day investigative hearing to probe how the N1.8 trillion injected into the power privatisation exercise by the federal government between 2013 till date, was utilised. The privatisation exercise was consolidated on September 13, 2013, during the tenure of former President Goodluck Jonathan. Gabriel Suswan, the chairman of the senate panel, told journalists after the meeting of his panel that the probe was not a punitive action. Suswan said…

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