Power Sector And Other Related News Stories For Friday April 12th 2024

Posted by News Room April 12, 2024

Nigeria to generate 6,000MW electricity in six months – Adelabu

The Minister of Power, Adebayo Adelabu, has assured Nigerians that the country would generate 6,000MW of electricity in the next six months.

Adelabu stated this while featuring on Channel Television’s Politics Today on Thursday.

According to him, the country currently generates and transmits over 4,000MW, which he said has minor issues at the stage of distribution.



Power tariff hike unjustifiable, consumer group tells FG

The Electricity Consumer Protection Centre, on Thursday, declared that the recent hike in power tariff for Band A customers was unjustifiable given the poor performance of electricity distribution companies.

ECPC called the attention of the the Federal Government to the fact that past tariff increases had never led to improved electricity supply across the country.



FG still paying electricity subsidy despite band tariff hike — Adelabu

The Minister of Power, Adebayo Adelabu, said the Federal Government is still paying subsidy on electricity despite the recent hike in tariff paid by Band A customers.

Adelabu stated this in an interview on Channels Television’s Politics Today on Thursday.

The minister said the government has about N1.8trn to pay in electricity subsidy for 2024.



Adelabu predicts Band A tariff will reduce when exchange rate falls below N1,000/$

Minister of Power, Adebayo Adelabu has said that the N225 kilowatt-hour tariff for Band A electricity consumers could decrease if the exchange rate falls below N1,000 to a dollar.

Adelabu said this in an interview on Channels Television’s Politics Today,

This comes after the Federal Government, through the Nigerian Electricity Regulatory Commission, announced the end of subsidies for Band A customers, who now pay N255/KWh, while others maintain previous tariffs.



The Electricity Conundrum

The people’s resistance to increased tariffs reflects their disappointment with the sector, writes Bolaji Adebiyi

It was the lot of Musliu Oseni, vice chairman of the Nigerian Electricity Regulatory Commission, to carry the sad tale of an upward review of tariffs in the electricity sector last week. He told Nigerians that the regulatory authority had approved an increase in the tariff for the premium band from N66 to N225, a 230 per cent rise.



Power Generation Drops 32.31%, NESO Says

Amidst on-going dust raised by the new electricity tariff at the backdrop of inadequate power supply, electricity generation nosedived to 2,775 megawatts, MW, yesterday, a 32.3 percent decline from 4,099.87MW recorded last week.

This was contained in the data released by the Nigeria Electricity System Operator, NESO, a semi autonomous unit of the Transmission Company of Nigeria, TCN.



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