Tag: Energy Regulation
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NUPRC and NRS Partner to Boost Nigeria’s Revenue Collection
Global collaboration to strengthen Nigeria’s revenue system Nigeria is set to strengthen its fiscal framework as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) formalize a strategic partnership aimed at boosting revenue collection. The announcement, underscored by senior leadership from both agencies, signals a renewed commitment to close revenue gaps,…
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Nova Scotia Power’s Top Brass Skips Rate-Hike Hearing, Rethinking Accountability
Context: Who’s at the Table and Why Their Absence Matters The public hearing into proposed rate increases for Nova Scotia Power (NS Power) has taken an unusual turn. In a break from recent tradition, the company’s most senior officials are not appearing at the sessions that determine whether customers will see higher electricity costs this…
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EPRA Cracks Down on Adulterated Fuel and Diesel Diversions
EPRA Announces Tough Measures Against Adulterated Fuel The Energy and Petroleum Regulatory Authority (EPRA) has stepped up enforcement to curb the sale of adulterated fuel and the diversion of export-bound diesel into the local market. In a public notice issued on the last day of December, the regulator detailed a series of cases that illustrate…
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Genesis Energy Faces Complaint Over Huntly Power Plant Code Breach
Overview of the Complaint Genesis Energy is under scrutiny after an independent rulings panel received a complaint alleging breaches of the dispatch code by the Huntly power plant. The code governs how electricity generators must follow system operator dispatch instructions and communicate any issues that could affect grid reliability. The panel, acting as an independent…
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Mustapha Abdul-Hamid Denies Asset Seizure by OSP Amid Investigation Rumors
Background: Who is Mustapha Abdul-Hamid? Mustapha Abdul-Hamid, a former chief executive officer of the National Petroleum Authority (NPA), has been at the center of speculation surrounding investigations led by the Office of the Special Prosecutor (OSP). In recent days, he publicly stated that claims of asset seizures are false, underscoring his view that misinformation is…
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Watchdog: Synergy Isn’t the Only Energy Company Overcharging Amid $40 Million Bungle
Overview: A $40 Million Overcharging Bungle The Economic Regulation Authority of Western Australia (ERAWA) has revealed a significant governance lapse at WA’s largest energy retailer, Synergy, that led to about $40 million being charged to customers for non-existent bills since 2009. The episode is described by the watchdog as a serious governance failure with potential…
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EU Court’s Decision on Hungary’s Paks Nuclear Subsidies
Introduction The European Court of Justice (ECJ) recently made headlines by annulling the European Commission’s (EC) decision to approve state subsidies for Hungary’s Paks Nuclear Power Plant expansion. This ruling not only affects Hungary’s energy strategy but also raises significant questions regarding EU regulations and state aid policies. Background of the Case The Paks Nuclear…