Nigeria: Not Every State Plans Tariff Reduction - Power Commissioners
LAGOS STATE, NIGERIA, JUL 24 – Lagos State gains full control over its electricity market, requiring local distribution companies to form subsidiaries under LASERC by June 2025, enhancing governance and service delivery.
8 Articles
8 Articles
NERC Faults Enugu Tariff Cut, Says EERC Lacks Power To Fix Prices
The Nigerian Electricity Regulatory Commission (NERC) has faulted the recent tariff reduction by the Enugu State Electricity Regulatory Commission (EERC). The commission declared that the state regulator lacks the authority to fix electricity prices where the supply is sourced from the national grid. In a statement issued Thursday night, NERC clarified that while the 2023 Electricity Act grants states the right to regulate electricity within the…
Power: Unfunded Tariff Cuts Risk GenCos Liquidity, Discos Warn
Daniel Adaji Electricity Distribution Companies (Discos) have warned that uncoordinated tariff reductions by state regulators, such as the recent slash announced in Enugu State, could severely undermine the liquidity of Generation Companies (GenCos) and jeopardize the entire power sector. The warning was issued in a statement signed by Sunday Oduntan, Managing Director and Chief Executive Officer of the Association of Nigerian Electricity Distri…
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