DisCos revenue targets are based on actual consumption – ANED

The Association of Nigerian Electricity Distributors (ANED) has said, contrary to ‘misinformation’ concerning the nature and purpose of revenue targets Distribution Companies (Discos) give their staff, such targets are usually set based on what customers have consumed.   “One of the allegations that is gaining grounds of late is that Disco marketers are given revenue targets and it is in their quests to meet these targets that they supposedly ‘extort’ customers and give them bills that do not reflect their electricity consumption,” Barr. Sunday Oduntan ANED’s Executive Director for Research…

Indemnity, public safety are reasons why Discos take control of donated equipment – ANED

The Association of Nigerian Electricity Distributors (ANED) has explained why electricity distribution companies (Discos) assumed ownership of equipment voluntarily made available by customers for use by their networks. In a statement signed by ANED’s Executive Director for Research and Advocacy, Barr. Sunday Oduntan, the body said it boiled down to a matter of indemnity and safety critical protection. “Many people have asked that question and the answer is simple, and we feel it is important to shed light on it for the sake of public awareness. It is a case…

Review Power sector privatization now – Senate President tells FG …adjourns plenary till June 2, 2020

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…

Nigerians To pay more for Electricity As NERC Orders Tariff Review

Nigerians will pay more for electricity from April 2020 following a directive by the Nigerian Electricity Regulatory Commission (NERC) ordering a review to achieve a cost-reflective tariff in the power sector. NERC disclosed in its ‘December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020,’ which was released on December 31. According to the order, effective from January 1, the tariff will reflect the impact of changes in the minor review variables in the determination of cost-reflective tariffs and relevant tariff and market shortfalls for 2019…

FG Set To Take Over DisCos from ‘failed investors’

Four months to the performance review of the electricity distribution companies (DisCos), the federal government has described the core investors as a failure. The government had said it would conduct a final review of the five-year performance agreement with the DisCos by December 31, 2019. The review is expected to determine if the electricity companies have achieved the performance targets they signed to during the power privatisation of 2013. However, PUNCH is reporting that the government is considering taking over the distribution assets from the investors and pay them off with…

House Leader Introduces Bill To Stop Use Of ‘Estimated Billing’ By Electricity Distribution Coys

A bill to criminalize the use of ‘estimated billing’ in the calculation of electricity consumed and to be paid for by consumers by Nigeria’s electricity distribution companies has passed first reading in the House of Representatives. The bill which was sponsored by the House Leader, Femi Gbajabiamila, contains sections criminalizing the arbitrary estimation of energy consumed by consumers who have not been supplied pre-paid meters by the electricity distribution companies. In a press statement, Gbajabiamila’s media aide, Olanrewaju Smart, quoted the lawmaker as saying the bill was necessitated by complaints…