Power Sector And Other Related News Stories For Monday August 4th 2023

Posted by News Room September 4, 2023

 Electricity Consumers Want Minister to Overhaul Sector

Electricity Consumers in the Federal Capital Territory (FCT), want the new Minister of Power, Mr Adebayo Adelabu to overhaul the power sector to ensure stable power supply.

The consumers who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday said that overhauling the sector would improve power supply.

Mr Kunle  Olubiyo, the President, Nigeria Consumer Protection Network said that the minister should do a surgical overhaul of the regulatory institutions and ecosystem of the power sector.

According to him, the minister should do  an appraisal  of the performances  of all agencies in the last 10 years using benchmarks of Key Performance Indicators (KPIs).



Electricity Meters Upgrade Won’t Affect Credit Balance

The Federal Government, on Sunday, said the electricity meter upgrade process to be implemented by power distribution companies would not affect the credit units balance in the meters.

It disclosed this in a statement issued in Abuja by the Nigerian Electricity Management Services Agency, stressing that NEMSA would ensure that all electricity meters and instruments deployed in the sector were of the right standard.

“Let me assure all electricity customers that they have nothing to fear as the meter upgrade process will not affect the credit unit balance on their meters. The credit balance will remain intact after the upgrade.



Experts Differ as FG Celebrates 400 Days Of Zero Grid Collapse

Nigeria’s national grid, over the past year, has recorded stability, an improvement from previous experience that has plunged the entire nation into darkness due to perennial infrastructural issues.

Although with a pinch of improvement, the power sector since its privatization in 2013 has continued to elude solutions to stabilize the power supply in the country.

The last grid collapse witnessed in the country was in July 2022 and there were six more before then within the same calendar year.



NEMSA Allays Fear of Electricity Consumers Over Meter Upgrade

The Nigerian Electricity Management Services Agency, NEMSA, has assured electricity consumers using prepaid meters that units already purchased will not be lost due to the ongoing meter upgrade.

Managing Director of NEMSA, Mr Tukur Tahir, disclosed this on Sunday in a statement by the Agency’s head Communication and Protocol Unit, Ama Umoren.

DAILY POST recalls that the Nigerian Electricity Regulatory Commission (NERC) had directed electricity customers nationwide to update their metering devices or face challenges with recharging by 2024.



Meter Upgrade a One-Time Process | Credit Balance Will Remain Intact

The Nigerian Electricity Management Services Agency (NEMSA) has assured customers that the ongoing electricity meter upgrade process will not affect the credit unit balance in their meters.

Aliyu Tahir, managing director of NEMSA, gave the assurance in a statement in Abuja on Sunday, addressing the issue of standard transfer specifications for the upgrade of prepaid meters.

According to Tahir, his agency would ensure that all electricity meters and instruments deployed in the sector are of the right standard.



Mutual Trust MFBank Launches N10m Solar Financing for Renewable Energy

Mutual Trust MFBank Limited, one of Nigeria’s leading financial institutions is spearheading the advancement of loans up to N10 million per head, to workers in public and private sectors towards the acquisition of solar panels, batteries, inverters, and clean and renewable energy equipment.

The loan dubbed “solar loan” is designed to help individuals and organizations in the public and private sectors achieve ample savings on money spent on traditional fuelling and electricity and also help reduce carbon footprints through a cost-effective alternative green energy solution.


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