Power

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Power generation falls further by 27% to 3,567MW

Power generation falls further by 27% to 3,567MW

By Obas Esiedesa Nigeria’s power generation, Monday, dropped by 27 per cent to 3,567.30 megawatts, MW, as at 06hours compared to the 4,557.50MW peak generation at 22hours the previous day. Latest data obtained by Energy Vanguard from the Independent System Operator, ISO, showed that the peak generation on Sunday was also less than the 4,700MW […]

Liquidity: Electricity sector generates N272.47bn in six months

Liquidity: Electricity sector generates N272.47bn in six months

***NERC blames MDAs, others for rising debts ***DISCOs collection efficiency Q3’20 By Obas Esiedesa Electricity market revenue grew by 10.55 per cent to N272.47 billion in the second half (July-December) 2020, compared to N246.46 billion generated in the corresponding period of 2019, according to the latest industry data obtained by Energy Vanguard. The growth followed […]

Power sector deficit hits N396.86bn in 9 months

Power sector deficit hits N396.86bn in 9 months

By Ediri Ejoh The liquidity situation in Nigeria’s power sector has worsened, as the indebtedness of the distribution companies, DisCos, to Nigerian Bulk Electricity Trading, NBET, Plc., has increased to N396.86 billion, indicating an increase of seven per cent, compared to N368.83 billion recorded in the corresponding period of 2019. This debt profile accrued by […]

Increased electricity tariff tough for consumers to pay — Umeh

Increased electricity tariff tough for consumers to pay — Umeh

By Ediri Ejoh Chief Executive Officer of Century Power Generation Limited, Dr Chukwueloka Umeh, says that the Nigerian Electricity Regulatory Commission, NERC’s, failure to increase electricity tariff in smaller, steady steps from 2015, as stipulated in the Multi-Year Tariff Order, MYTO, has made the almost 100 per cent increase for some consumers very discomforting, especially […]

Tariff Implementation: Nigeria’s power sector faces bleak future — GENCOs

Tariff Implementation: Nigeria’s power sector faces bleak future — GENCOs

By Prince Okafor Power Generating Companies, GENCOs, has said that the constraints bewildering Nigeria’s power sector are so vast that they may end up forcing it to comatose. The GENCOs reaction is coming against the backdrop of the recent implementation of the Service Reflective Tariff (SRT), as approved by the Nigerian Electricity Regulatory Commission, NERC. […]