NERC

NERC bars NBET from entering into new electricity contracts

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NERC bars NBET from entering into new electricity contracts

The Nigerian Electricity Regulatory Commission (NERC) has directed the Nigerian Bulk Electricity Trading Plc (NBET) to cease entering into new contracts for the purchase and resale of electricity and ancillary services in the Nigerian Electricity Supply Industry (NESI). The order took effect from 25 July, NERC said on Sunday in a circular jointly signed by … Read more

Senate suspends move to stop electricity tariff hike

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Senate suspends move to stop electricity tariff hike

The Senate has suspended the consideration of a report recommending the suspension of the increase in electricity tariff by the National Electricity Regulatory Commission (NERC), pending legal advice. The resolution was a sequel to a point of order raised by the Chairman of the Senate Committee on Rules and Business, Titus Zam, during the plenary. … Read more