April 2024 – Page 7 – Advisors Reports

April 5, 2024Distribution News Power Transmission

UPDATED: Ikeja Electric unveils 45 premium feeders’ locations in response to NERC’s Band A tariff hike

… 5-step guide for customers to discover their feeder bands Oredola Adeola Ikeja Electric (IE) has introduced 45 distinct feeders across multiple locations designated under the 11kV Band “A” Feeders, aligning with the Nigerian Electricity Regulatory Commission’s updated rates…

April 4, 2024Distribution News Power

IBEDC reconnects UCH after almost 3 weeks of outages

…UCH settles over 10% of N494million electricity bills owed to IBEDC Oredola Adeola After three grueling weeks of total power outages, the University College Hospital (UCH), Ibadan, Oyo State, has finally been connected to the national grid, after…

April 4, 2024Feature Generation News Power Renewables Technology

General Electric splits into two, Vernova unit emerges as independent powerhouse

Oredola Adeola General Electric (GE) has completed the spin-off of GE Vernova, its renewable energy, power, and digital businesses, which has begun trading on the New York Stock Exchange (NYSE) under the ticker symbol “GEV” as a standalone company.…

April 4, 2024Distribution News Power

Band A Tariff Review: All-Electricity Consumer Protection Forum gives 72-hour ultimatum to NERC, threatens legal action, protest

Oredola Adeola The All-Electricity Consumer Protection Forum has given the Nigerian Electricity Regulatory Commission (NERC) a 72-hour ultimatum to withdraw its minor review of tariffs in the Band A category or face court action and a protest…

April 4, 2024Distribution Documentary Gas Generation Impact Interview News Power

PowerUp ED, Adegbemle explains NERC’s tariff review, highlights efforts to protect consumers, vows to ensure DisCos’ accountability

… says “Affluent Nigerians to pay full electricity tariff “Government electricity subsidy shifts to vulnerable customers from April 2024” Mr. Adetayo Adegbemle, Executive Director of PowerUp Nigeria, a leading voice in Nigeria’s power sector has in this exclusive…

April 3, 2024Distribution News Power

NERC approves N225/KwH tariff hike for electricity consumers with immediate effect

…. new tariff affects only band A electricity consumers The Nigerian Electricity Regulatory Commission (NERC) has greenlit a substantial 300% increase in electricity tariffs for Band A customers across various Electricity Distribution Companies (DisCos). Musiliu Oseni, Vice Chairman of…

April 3, 2024Advertorial Distribution Impact News Power Renewables

Soetan, Ikeja Electric MD, bags outstanding woman in energy award

Mrs. Folake Soetan, Chief Executive Officer of Ikeja Electric Plc, has been awarded the Outstanding Woman in Energy (Power Sector) by the Women in Maritime & Energy Awards (WIME), in celebration of her exemplary leadership, and advocacy for diversity,…

April 3, 2024Advertorial Distribution Feature Impact News Power

EKEDC restates commitment to improved service delivery through infrastructural development

op-ed by Tiwalade Haastrup On March 16, 2024, Eko Electricity Distribution Company (EKEDC), Nigeria’s leading electricity distribution company commissioned a state-of-the-art 2 X 20 MVA Randle Injection Substation for customers within the Surulere axis of its franchise area. The substation…

April 1, 2024Distribution Gas Generation News Power

Electricity tariff hike looms, as NMDPRA sets 2024 gas prices: Power sector sees surge to $2.42/mmbtu

Oredola Adeola The Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled the domestic base price (DBP) and wholesale prices of natural gas for 2024, increasing the gas price for power Generation Companies (GenCos) from $2.18mmbtu to $2.42/mmbtu, while…

April 1, 2024Distribution Generation News Power Transmission

TCN warns of threats to Abuja facilities, urges vigilance in surrounding areas

Oredola Adeola The Transmission Company of Nigeria has issued a warning of potential attacks on its facilities in Zuba area of the Federal Capital Territory, FCT, urging residents of the area and environs to stay vigilant. Ndidi Mbah,…