Electricity
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As energy bills become more expensive from today, respected forecasters have said they are likely to rise further in spring instead of fall, as first anticipated. The energy price cap rises from January, bringing the cost of a typical annual bill to £1,738 – £21 a year more than from October to December. Bills had already become…
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Good morning from MEZIESBLOG team! Here is today’s summary from Nigerian newspapers: 1. The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday hiked its pump price from N617 per litre to N897/litre. It was observed from the retail outlets in Abuja that the adjustment was already effected as at 12:35pm. 2. The leadership of the Nigeria…
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More now on the increase of the price cap. The chief executive of Ofgem, Jonathan Brearley, has admitted the increase is going “to be extremely difficult for many households”. “Anyone who is struggling to pay their bill should make sure they have access to all the benefits they are entitled to, particularly pension credit, and…
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The Minister of Power, Adebayo Adelabu, has said that the majority of Nigerian manufacturers, industries and other bulk electricity users have boycotted the country’s national grid over a lack of trust and confidence. The minister disclosed this on Thursday in his speech at the retreat of the board of the Nigeria Electricity Liability Management Company…
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Germany started construction works on Tuesday for an electricity connection to the United Kingdom (UK). With a length of around 720 km, the project “NeuConnect” will create a direct link between two of Europe’s largest energy markets. “The climate-neutral electricity system needs flexibility,” said Minister for Economic Affairs and Climate Action Robert Habeck. “That is…
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The House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of the new incremental tariff on Band A customers. The lower chamber agreed upon this at the house resolution during a plenary session on Tuesday. According to them, the resolution followed the adoption of a motion of urgent public…
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Nigerians will begin to pay more for electricity following a tariff hike announced by the government’s regulatory body on Wednesday. Effective immediately, the Nigerian Electricity Regulatory Commission has implemented an upward adjustment in electricity tariffs across the West African nation, said Musiliu Oseni, the head of the commission, during a press briefing in the capital…
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Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike to “widely publish copies of the loan agreements and spending details of some N5.9 trillion and $4.6 billion loans obtained by their states and the FCT, including details and locations of…
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The Minister of Power, Adebayo Adelabu, has declared that the country can no longer continue to subsidise electricity. According to the minister, Nigeria must begin to move towards a cost-effective tariff model, adding that the country is currently indebted to the tune of 1.3 trillion naira to generating companies (GenCos) and 1.3 billion dollars owed…
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Another national grid collapse in Nigeria has resulted to blackout nationwide. The Abuja Electricity Distribution Company, AEDC, in a statement posted on its X account said power outage being experienced in its franchise areas is as a result of a system failure from the national grid at 11:21 hours on Sunday. “The Management of Abuja…
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There are mounting concerns as Nigeria’s power decade privatisation process is expected to elapse on October 31, 2023. It has become more problematic following the decades-long crisis within Nigeria’s power sector. For over 62 years, the country’s electricity value chain, from distribution to generation and transmission, has been bedevilled with challenges. Meanwhile, the government attempted…
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In a landmark move geared towards improving its energy landscape, Burkina Faso’s military leaders have signed a deal with Russia to build a nuclear power plant to increase electricity. It is the junta’s latest move to align itself with Russia after falling out with most of its Western partners. The junta has turned to Russia…
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The United Nations’ call for Africa to lead the transition to renewable energy appears to have found no traction as nations across Africa are reluctant to abandon the use of fossil fuels, experts say. Africa remains heavily reliant on natural gas, oil, coal, and charcoal, with low progress in adopting cleaner energy sources, says Samuel…
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Former lawmaker, Shehu Sani has urged President Bola Tinubu not to weaponize electricity supply against Niger Republic in handling the leadership crisis in the West African country. According to Sani, the President should be careful not to be the new apprentice of French neo-Colonialism in the Economic Community of West African States, ECOWAS, sub-region. In…
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South Africa’s minister in charge of electricity apologized on Monday for the recent increase in power outages in the country, which is currently in the winter season. “I want to express our most sincere and profuse apologies for having taken you through intensive stages of load shedding (planned power cuts),” Kgosientsho Ramokgopa said on television…
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South Africa’s electricity crisis is costing the economy as much as R899 million per day, according to central bank estimates. Rolling blackouts of about 6 to 12 hours a day, or so-called stage 3 and stage 6 outages, detract between R204 million and R899 million from the economy daily, the South African Reserve Bank…
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