The national power grid has collapsed for the second time in three days, leading to blackouts in several parts of the country.
A check on the Nigerian System Operator’s portal (niggrid.org) showed that power generation dropped to zero megawatts at 11:30 am, affecting all 22 generation companies across the country.
Several electricity distribution companies corroborated this on their social media platforms.
“Please be informed that we experienced a system outage today 07 November 2024 at 11:29Hrs affecting supply within our network,” the Ikeja Electricity Distribution Company (EKEDC) serving parts of Lagos wrote on X.
“Restoration of supply is ongoing in collaboration with our critical stakeholders.
Kindly bear with us.
Meanwhile, Electricity Distribution Companies (DisCos) have jerked up metre prices, a few months after a similar increase.
The new price regime became effective on November 5, 2024, according to posts on social media platforms of the various DisCos.
With the recent move, the price of a single-phase metre has jumped from around N117,000 to about N149,800. This is dependent on the DisCo and the metre vendor.
A check by Channels Television indicated that the Eko DisCo put the price of its single-phase metre between N135,987.5 and N161,035 and pegged that of a three-phase meter between N226,600 and N266,600.
On its part, the Ibadan DisCo told its customers to pay from a range of N130,998 and N142,548 for a single-phase metre and N226,556.25 – N232,008 for a three-phase metre.
The Abuja DisCo said the price range for a single-phase metre is from N123,130.53–N147,812.5 and N206,345.65–N236,500 for three-phase metres.
Similarly, the Kano Electricity Distribution put N127,925–N129,999 as the price range for a single-phase metre while three-phase metres cost between N223,793–N235,425.
The Kaduna DisCo put its price for a single-phase metre between N131,150 and N142,548.94 and N220,375—N232,008.04 for three-phase metres.
This recent move came months after the Nigerian Electricity Regulatory Commission (NERC) announced the deregulation of metre prices under the Meter Asset Provider (MAP) scheme for end-user customers.
It said this is to address the protracted issues around metre supply and pricing within the sector.
With the development, DisCos and metre vendors can now fix prices based on the economic realities in the country, helping investors recover their money and ensuring the availability of the metres.
