14.02.15 - 05
The Nigerian Electricity Regulatory Commission (NERC) over the weekend issued four on-grid licenses to Zuma Energy Nigeria Limited to operate a combined 1,200 Megawatts (MW) power plant at Itobe, Kogi state. Each unit of the power plant has capacity to generate 300MW. This brings to two such licenses issued for coal power generation this year.Read more...
19.02.15 - 04
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, 18 February, 2015 issued two on-grid electricity generation licences to KVK power Nigeria PVT Limited and Aluminum Smelter Company of Nigeria Plc to generate electricity from solar and gas-flared respectively.Read more...
03.02.15 - 03
The Nigerian Electricity Supply Industry (NESI) on Sunday February 1, 2015 attained the much awaited Transitional Stage Electricity Market, whereby wholesale buying and selling in electricity is based on contractual and regulatory rules.
This is sequel to an Order of the Nigerian Electricity Regulatory Commission (NERC) directing all electricity market participants on the takeoff of the Transitional Stage of the Electricity Market (TEM) with effect from February 1, 2015.
28.01.15 - 02
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday, the 28th of January, 2015 held a hearing of a petition filed before it by Samuel Aremu accusing Samuel Ukpong, 1004 Estate Limited and Eko Electricity Distribution Company of illegal trading in electricity.Read more...
28.01.15 - 01
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday licenced Trombay Power Generation Limited to operate a 500 MegaWatts power plant. Chairman of NERC, Dr. Sam Amadi commended the company's Group President, Jitendes Kumar Sachdeva for the painstaking process he was subjected to in the course of the application for the coal- powered plant.
The 500MW power plant is located at Wajari Village along Dadinkowa Road, Yamaltu local government area of Gombe state.
After a recently conducted special review, the Nigerian Electricity Regulatory Commission (NERC) approved a revised Multi-Year Tariff Order (MYTO 2.1), which came into effect on 1st January 2015. A major highlight of MYTO 2.1 is a six-month freeze from January1, 2015 on tariff increase for residential consumers, who constitute about 80% of the electricity consumers (known in the industry as R2 customer class) in the country.Read more...
24.12.14 - 34
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday approved a review of the Multi Year Tariff Order (MYTO) 2 regime with an implication for takeoff date for a disciplined electricity market by January 1, 2015. With the commencement of MYTO 2.1, the Commission will now progressively hold electricity distribution, transmission, generation companies as well as other market operators to the terms and conditions of their licences.Read more...
13.11.14 - 33
The Nigerian Electricity Regulatory Commission (NERC) is to send a technical team on a fact-finding mission to ascertain the cause of perennial power failure in Ifaki and other parts of Ekiti State.
The Chairman of the Commission, Dr. Sam Amadi made this known on Wednesday, 12 November 12, 2014 while receiving the Governor of Ekiti state, Mr. Ayo Fayose, who paid an impromptu visit to the Commission to appeal for quick and sustainable resolution to what he described as perennial power failure in towns across the state.Read more...
Press Release – 27 .10.14
The Nigerian Electricity Supply Industry (NESI) on Monday, October 13, 2014 scaled the last hurdle to the declaration of Transition Electricity Market (TEM) with the inauguration of the 12- man Dispute Resolution Panel.
TEM is the third stage in the development of electricity market from monopoly to full competitive market.Read more...
07.07.14 - 31
The Chairman/ Chief Executive Officer, Nigerian Electricity Regulatory Commission (NERC) Dr Sam Amadi has received the award of Servant Leadership issued by the African Students Union Parliament (ASUP).
Dr Sam got the surprise recognition in his office at the NERC Headquarters, Adamawa Plaza Abuja on the 2nd of July, 2014.
In an emotional laden voice, Amadi expressed deep appreciation to the students association whom he tagged the future leaders of the country. According to him, the value of knowledge is unquantifiable which should be guarded by those who acquire it and posited that knowledge open doors of opportunities.Read more...
What is Fixed Charge?
The fixed charge is an element of an electricity customer’s electricity bill that is charged on a monthly basis. The fixed charge is intended to allow for the recovery the costs associated with the fixed or permanent investments required to generate, transmit and distribute electricity.
What Makes up the Fixed Charge?
1. Fixed or permanent investments e.g. poles, cables, transformers etc.
2. Cost of maintenance of the fixed or permanent investments and
3. The capacity charge paid to generating companies, as long as they are available to generate.
11.06.14 - 30
As Part of its ongoing engagement with critical stakeholders, the Nigerian Electricity Regulatory Commission on the 10th of June, met with the leadership of the Nigerian Labour Congress; which included the NLC President, Abdulwaheed Ibrahim Omar and his deputy, Joe Ajaero.
Top on the agenda were the on-going reforms in general and an update on what NERC has been doing since the recent privatisation of the utilities.Read more...
30.05.14 - 29
...NERC urged to wield the big stick
The Nigerian Electricity Regulatory Commission has reiterated its stance to work with electricity operators to ensure a successful and sustained industry in spite of the hiccups facing the newly privatised electricity market.
The Chairman/CEO of the Commission, Dr. Sam Amadi, represented by the Vice-Chairman of the Commission, Muhammed Lawal Bello, made the declaration when the Commission received a delegation of the Senate Committee on Privatisation, led by the Chairman of the committee, Senator Olugbenga Obadara on the 28th of May, 2014.Read more...
(TEXT OF PRESS STATEMENT BY DR. SAM AMADI, CHAIRMAN/CEO OF THE NIGERIAN ELECTRICITY REGULATORY COMMISSION)
The Nigerian Electricity Regulatory Commission (NERC) on Friday, May 21, 2014 approved the review of the Multi Year Tariff Order (MYTO). This review will take effect on June 1, 2014. The review has reduced the fixed charge component of the tariff that would have taken effect on 1st June 2014.
The MYTO provides for bi-annual reviews that take effect on 1st June and 1st December to ensure that some critical and financial variables underlying electricity tariff in Nigeria are still realistic and current. These variables are the rate of inflation, the exchange rate, gas price and available generation capacity. To ensure that the Nigerian electricity market remains financially viable and able to attract investment to improve capacity and reliability, electricity prices are indexed to changes in these variables.Read more...
23.05.14 - 28
The Chairman/CEO of the Nigerian Electricity Regulatory Commission, Dr. Sam Amadi has called for the need to embrace changes in technology in the Nigerian Electricity Supply Industry (NESI) in order for the system to keep in tandem with the times.
He stated this during the presentation of the Nigeria Electricity Supply and Installations Standards (NESIS) document to the Commission by the Chairman of the Technical Working Group (TWG), Engr. Foluseke Somolu, held at the Commission Headquarters on the 23rd of May, 2014.Read more...
20.05.14 - 27
The Nigerian Electricity Regulatory Commission (NERC) has called on Electricity Distribution Companies to make it a duty to expedite action on complaints brought to them by electricity customers, before they get to the NERC forum office.
Chairman/CEO of the Commission, Dr. Sam Amadi gave the marching order during the inauguration of members of three forum offices, namely, Benin, Jos, and Yola on the 20th of May, 2014.
He said that the forum will serve as an appellate court, to dispense with complaints that may not have received satisfactory outcomes by the Customer Care Unit (CCU) of the distribution companies.Read more...