OpeOluwani Akintayo 02 August 2018, Sweetcrude, Lagos — The Rural Electricity Agency, REA has blamed challenges in the power sector…
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The introduction of the regulation now means that private investors, apart from the distribution companies (Discos), can procure meters in understanding with the concerned Discos to recoup their monies with time through specified charges incorporated into electricity bills.
“We have seen the draft regulation and there is quite a bit of it that we are not happy with. We have recently provided feedback to the regulator and I believe that there is a consultation forum coming up soon. We will continue to strongly convey our concerns to the regulator.”
Mupwaya said it was important to address the issue of electricity theft, given its significant effect to the transformation of the electricity industry in the country.
He said that the meters were being installed to minimise electricity theft and ensure that electricity consumed was paid for.
It was gathered that the shortfall in remittances by the 11 Discos to the MO had been accumulating since the commencement of the Transitional Electricity Market (TEM) in January 2015.
The BPE boss noted that gas pricing was a major issue in the electricity distribution chain, as most of the generating plants in the country were gas fired and the price of gas indexed on the U.S. dollar while collection was in Naira, a the situation that has created a gap in liquidity due to the exchange rate.
Kunle Kalejaye 11 January 2017, Sweetcrude, Lagos — The Nigerian Electricity Regulatory Commission, NERC has extended the November 30, 2016,…
