Increase Electricity Tariff- TCN
TCN demand was contained in an application filed with the Nigerian Electricity Regulatory Commission (NERC), for an extraordinary tariff review, as a means of ensuring that generation companies (Gencos) are incentivized to provide sufficient spinning reserves and other ancillary services that are critical for managing the national grid.
The TCN’s demand follows another total System Collapse on September 28, at 8.03 pm, a few days ahead of Nigeria’s 57th Independence anniversary.
TCN said it filed for an extraordinary tariff review as a means of ensuring that Gencos are incentivized to provide sufficient spinning reserves and other ancillary services that are critical for managing the national grid.
Consumers Guilty Of Meter Bypass to Pay N450,000 Fine
Electricity consumers who bypass their meters will be forced to pay up to N450,000 as fine, the Nigerian Electricity Regulatory Commission has declared.
According to NERC, financial sanctions ranging from N50,000 to N450,000 for meter bypass by power consumers have been drafted by it and have been endorsed by the 11 electricity distribution companies operating in the country.
It was gathered that NERC’s decision was also endorsed by the Federal Government through the Minister of Power, Works and Housing, Babatunde Fashola. This is coming as the regulator revealed that it was perfecting plans to deploy prepaid meters in government’s Ministries, Departments, and Agencies in order to avert future debt accumulation by the MDAs.
FG Doing Well in Power Generation Increase- BEDC
The Benin Electricity and Distribution Company (BEDC) says Federal Government’s efforts toward boosting power supply is yielding positive results.
The company’s Spokesman, Mr. Tayo Adekunle, said this in an interview with NAN in Benin on Monday.
Adekunle, who commended government efforts to increase power generation in the country, added that electricity allocation to BEDC from the national grid had increased from hitherto 300MW to 500MW. He noted that the improvement was not necessarily because of the rains, explaining that investment in transmission had increased while generating firms were encouraged by the government to do more.