BIG CHANGE:
YOU CAN NOW OFFICIALLY
GENERATE ELECTRICITY FOR YOURSELF, USE WHAT YOU NEED, AND SELL EXCESS ELECTRICITY BACK TO THE GRID THROUGH YOUR DISCO
The Nigerian Electricity Regulatory Commission (NERC) has commenced the Net Billing Regulations 2026, a new framework that allows eligible electricity users to generate power mainly through solar energy for their own use and export excess electricity back to the distribution network.
In simple terms, if your solar system generates more electricity than you consume, you can now send the extra power back to your DisCo and receive credits under a regulated billing arrangement.
This effectively creates what the sector calls a “Prosumer” ;meaning you are both a consumer and producer of electricity.
However, there are conditions.
This is not yet targeted at the average small residential solar setup.
To qualify:
-You must already be connected to a DisCo network.
-Your renewable energy system must have a minimum installed capacity of 50kWp and a maximum of 1.5MWp
-You must obtain approval from your DisCo.
-You must sign a Net Billing Agreement and register with NERC.
Approved users will receive bidirectional meters that track: ➡️Electricity imported from the grid
⬅️Electricity exported back to the grid
BREAKING NEWS: Federal Government has approved certification and compliance processes for five proposed deep seaport projects to reclaim the over 70 per cent of Nigerian-bound cargo transported to other Africa nations.
Lagos State — Badagry Deep Sea Port
Ondo State — Olokola Deep Sea Port
Akwa Ibom State — Ibom Deep Sea Port
Cross River State — Bakassi Deep Sea Port
Rivers State — Bonny Deep Sea Port
Polaris Bank is currently under going a liquidation process for not able to comply with the Central Bank of Nigeria Recapitalization requirements, and the bank will be put under NDIC to be liquidated, the bank license might also be revoked Soon, But Billionaire Razaq Okoya has made a bid to purchase the Bank, & reinstate it, also to comply with the CBN requirement, this deal is said to be finalized the moment NDIC & Other shareholders agree with what Razaq Okoya is ready to offer.
Staying compliant just got a whole lot easier.
With PenCom’s new eHub platform, employers can now track their pension compliance status in real time without any back-and- forth.
The platform goes live on April 13, 2026.
#PensionTechnology#PensionNews