Regulatory

NERC issues new regulations to address non-release of financial results

Sep 24, 2018

The Nigerian Electricity Regulatory Commission (NERC) has unveiled a new regulatory policy guidelines to ensure effective monitoring of financial transactions of operators in the Nigeria Energy Supply Industry (NESI). The new accounting policy know as Uniform System of Accounts (USoA) is coming at a time when all operators in the generation, transmission and distribution arms…

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FG to unveil electrical construction manual, safety codes in Jan 2019

Sep 21, 2018

The federal government will by January 2019 unveil a harmonised manual and codes document to guide the implementation of projects and electrical constructions in the distribution section of the power sector value chain. The Chief Electrical Inspector of the Federation (CEIF)/Managing Director of the Nigerian Electricity Management Services Agency (NEMSA), Engr. Peter Ewesor said this…

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Metering, estimated billing, service interruption top customer complaints in Q1 – NERC

Sep 19, 2018

In the first quarter of 2018, complaints by customers in the power sector were dominated by issues bordering on metering, estimated billing and service interruption, among others. The Nigerian Electricity Regulatory Commission (NERC) revealed this in its 2018 Q1 Report. The commission stated: “Metering and billing dominated the customer complaints, both accounting for 64,197 (that…

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NLPGA seeks greater enforcement of standards following recent gas explosion

Sep 13, 2018

Against the backdrop of the gas explosion in Nasarawa State on Monday, the Nigeria Liquefied Petroleum Gas Association has highlighted the need for greater enforcement of Liquefied Petroleum Gas standards and code of practice within the industry across the country. “Without this, the proliferation of substandard and undocumented gas facilities/infrastructure will remain a recurrent issue,…

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OPL 245 award, others show Nigeria must entrench transparent oil licensing process

Sep 12, 2018

Nigeria has remained in the eye of the storm since the award of Oil Prospecting Licence (OPL) 245 to Malabu Oil & Gas Limited, exposed the level of corruption that takes place in the award of oil blocks. A report conducted by the Natural Resource Governance Institute (NRGI) in 2017, has noted that the weakest…

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NERC orders DisCos to refund customers unmetered under CAPMI

Sep 10, 2018

The Nigerian Electricity Regulatory Commission (NERC) has ordered electricity distribution companies to refund monies paid by persons who did not receive meters under the scrapped Credited Advanced Payment for Metering Initiative (CAPMI). The directive was given at a meeting between NERC and stakeholders in the power sector held in Abuja. “The meeting re-emphasised the need…

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NERC to move against Discos’ discretionary remittance to power market

Sep 10, 2018

The Nigerian Electricity Regulatory Commission (NERC) has said that reported decisions of electricity distribution companies (Discos) in Nigeria’s power market to collect financial proceeds from their sale of electricity to consumers in the country but turn around to remit whatever amount they liked to the power market is wrong and discouraging investments in the sector.…

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NERC grants metering permit to 69 firms

Sep 10, 2018

The Nigerian Electricity Regulatory Commission (NERC) has granted 69 firms permits to fund purchase, installment and replacement of meters to meet the 11 electricity distribution companies (Discos) metering gap and obligations to their customers. The grants which were sequel to the commission’s approval of the Meter Asset Provider (MAP) Regulations 2018, were intended to facilitate…

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DPR to prosecute erring filling stations, LPG retailers in Ogun

Sep 7, 2018

The Department of Petroleum Resources (DPR) says it will soon start to prosecute defaulting petrol stations and Liquefied Petroleum Gas (LPG) retailers in Ogun. The DPR said this had become necessary as some filling stations it sanctioned for committing one offence or the other had refused to comply with its rules. The Operations’ Controller for…

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7 petrol stations sealed off in Delta state for under-dispensing

Sep 7, 2018

The Department of Weights and Measures, Federal Ministry of Industry, Trade and Investment, has sealed Seven petrol stations in Warri and Asaba in Delta, by for under-dispensing petroleum products. Mr Ibrahim Isah, the Head of the Surveillance Team in the ministry, disclosed this in Asaba on Friday, after inspecting petroleum product outlets in the state.…

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