GenCos debt
Electricity Act Fallout: Gencos, Discos Protest States’ Tariff
The controversy surrounding electricity pricing deepened on Monday as power generation and distribution companies (Gencos and Discos) clashed with state electricity regulators following Enugu State’s decision to slash Band A tariffs. The Enugu Electricity Regulatory Commission (EERC) ordered a reduction in electricity costs for Band A customers from N209/kWh to N160/kWh, effective August 1, 2025, […]
FG’s Power Subsidy Hits N536bn in Q1 Despite Debt Pile
Despite mounting financial pressures and an outstanding ₦4.7tn debt to power generation companies (GenCos), the Federal Government of Nigeria spent a staggering ₦536.4bn on electricity subsidies in the first quarter of 2025 alone, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC). The Q1 figure marks a ₦64.7bn rise from the ₦471.69bn […]