Energy Archives - Page 8 of 8

Fidelity Bank takes control of 3 electricity companies over debt default

Fidelity Bank is to take over the boards of Kano, Benin and Kaduna distribution companies (DISCOs) and collateralise their shares. Bureau of Public Enterprise (BPE) director-general Alex Okoh and executive chairman of the Nigerian Electricity Regulatory Commission (NERC) Sanusi Garba disclosed this in a joint statement on Wednesday. “Today, we were informed by Fidelity Bank […]

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South Africa removes petrol subsidy, hikes pump price

Energy / Consumertrics

South Africa’s government has said it would end a temporary reduction in the fuel levy next month. The government also announced a 10.6% increase in the gasoline price. The country’s the Department of Mineral Resources and Energy said government would trim the reduction in fuel levy by half, starting July 6 while it will be

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Petrol remains N165 per litre, says FG

Energy / Consumertrics

Consumers of Premium Motor Spirit (PMS) have faced a Herculean task procuring the product lately. This is due to resurgent scarcity and attendant long queues at petrol filling station. The anxiety that there might be a price increase would be heighten by the declaration by the Independent Petroleum Marketers Association of Nigeria (IPMAN) that it

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How Electricity Consumers Can Check Overcharging

Campaigns, Energy / Consumertrics

Electricity consumers, who are without prepaid meters fixed to the apartments or premises, can track their bills to see whether they are being over-charged. Although, the Electricity Power Reforms Act (EPRA) mandates power suppliers to provide pre-paid meters to consumers, many households still do not have them. As a result, service providers issue unmetered customers

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GenCos urged to up power generation as consumers face poor supply

Energy / Consumertrics

As electricity consumers in Nigeria continue to face incessant outages in recent months, the industry regulator orders generating companies to ramp up supply. According to the order by the Nigerian Electricity Regulatory Commission (NERC), GenCos are urged to attain GenCos gets marching order as electricity consumers face poor supply by July 1. Sanusi Garba, chairman

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Diesel price may rise to N1500 – NOGASA

Energy / Consumertrics

The Natural Oil and Gas Suppliers Association (NOGASA) has said the price of diesel may shoot up from N800 to N1500. The body said this at a press briefing, held in Abuja, Nigeria’s federal capital. Bennett Korie, the body’s president said, “If you go round now you will see that about 75% of filling stations

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EU bans 75% of Russian oil imports

Energy / Consumertrics

The EU has agreed to ban around 75% of Russian oil imports. The embargo covers Russian oil brought in by sea, but has a temporary exception for imports delivered by pipeline to appease Hungary and other countries concerned about the economic impact of a full ban. Hungary gets more than 60% of its oil from Russia and

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UK firm to check energy theft in Nigeria

Energy / Consumertrics

United Kingdom-based energy company, SteamaCo, says it is working with electricity distribution companies to checkmate electricity theft and other challenges in the power sector in Nigeria. The firm stated this in a statement by business development manager Micheal Nwachukwu on Saturday, quoting the firm’s managing director, Tom Parkinson. “The company is already in the country,

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Two million Electric Cars Sold In Q1 2022

Energy / Consumertrics

The International Energy Agency (IEA), in a new report, says that two million electric cars were sold in the first quarter of 2022. The sale is up by three-quarters from the same period a year ago. IEA’s annual Global Electric Vehicle Outlook adds that the sales of the electric cars comprise both the fully electric

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How You Can Save Money On Electricity Bills

Energy / Consumertrics

By Mariam Akanni Electricity consumers have continued to grapple with rising tariff amidst poor services from energy distribution companies. Due to poor regulation, energy providers have continued to shortchanged customers, especially unmetered ones. For those using pre-paid meters, here are ways you can save on your electricity consumption. Do not leave phones plugged in overnight

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