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Nigeria’s Power Generation Drops By 990MW
The latest data on the electricity generation trend has shown that the available generation capacity in Nigeria’s power sector dropped again in 2022. It crashed from the 6,336.52 megawatts recorded in 2021 to 5,346.82MW last year. Also, the annual capacity payment loss to power generation companies had increased to N1.8 trillion, showing a decrease in…
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Electricity Consumers Pay N210bn In Q4 2021
The Nigerian Electricity Regulatory Commission has said that power consumers paid a total of N210.17bn to distribution companies in the fourth quarter of last year. In its Quarterly Report for Fourth Quarter 202, NERC noted that the N210.17bn represented 9.34 percent of the total electricity bill given to consumers by electricity distribution companies during the…
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Here Is How Namibia’s Hydrogen Plants Could Improve Electricity In Africa
Namibia is creating clean energy sources to tackle its electricity problems through its newly developed hydrogen power systems. A senior executive at HDF Energy shared that the new green hydrogen power plant in Namibia, Africa’s first, would start producing electricity by 2024, putting an end to Namibia’s dependency on South Africa for up to a…
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DisCos’ Capacity Rises By 19% In Nine Years
A breakdown of the statistics sourced from the joint body of generating companies has disclosed that the capacity of the 11 electricity distribution companies to absorb more power generated grew by almost 19 percent since the sector was privatized nearly nine years ago. The DisCos have consistently blamed their inability to absorb the whole of…
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Nigeria’s Power Plants’ Capacity Drops By 70%
Industry statistics has shown that the combined generation capacity of Nigeria’s 26 power plants has dropped by 70 per cent. According to the latest data sourced from the Nigeria Industry Supply Industry, the capacity of the plants dropped from a total of 13,461 megawatts to 4,022MW as of when they were last tested in July…
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40% Nigerian Households Use Generators
A joint report put together by a research firm and a financial institution has shown over 40 percent of households in Nigeria own and use generators to meet their electricity requirements. According to the report it stated that the affected households spent about $14 billion annually to fuel their generators, as the power supply from…
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DISCOs Metered 3.51m Customers In One year
Report released by the National Bureau of Statistics has shown that the Nigeria Electricity Distribution Companies metered about 3.51 million customers in 2020. The report presents statistics on electricity from 2015 to 2020 and focuses on customer numbers, metered customers, estimated billing customers, and most importantly, electricity supply and revenue collected during the period under…
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In Nine Months, Gencos Record N304bn Payment Shortfall
Between January and September 2021, the Federal Government has said that power generation companies were paid a total of N311.1bn after providing an invoice of N614.6bn for electricity supplied. However, the government had to augment the payment to the Gencos with a total of N129.83bn Payment Assurance. This was between January and June last year.…
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Gencos Lose N1.66tn In Seven Years
Nigeria’s power generation companies have suffered a loss of N1.66 trillion in seven years as a result of non-payment for deemed capacity. The Executive Secretary, Association of Power Generation Companies, the umbrella body for the Gencos, Dr Joy Ogaji, disclosed this at a stakeholders’ meeting on the Regulators Monitoring Programme on electricity organised by the…
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Electricity Subsidy Gulps N30bn Per Month
The Federal Government has said that the amount spent on subsidising electricity in the country every month in Nigeria is now about N30 billion. The reduction by N20 billion, according to the government, is following improvements in the collection of power tariffs by distribution companies. The government stated this in a document on the progress…