The Gencos put the amount owed them for electricity generated and supplied by them is approximately N800 billion, adding that together with capacity and interest payments due to them, they are owed in excess of N1 trillion.
Browsing: Nigerian Electricity Supply Industry
“It is rather unfortunate that the TCN will also turn round to blame the lingering outage in Lokoja on AEDC, when the actual reason for the outage was quite obvious.”
The PSRP serves as a road map to the effective optimization of the Nigeria power sector is a series of policy actions, operational governance and financial interventions being implemented by Federal Government over a period of time.
He noted that unlike what many experts would have Nigerians believe, the inefficient power supply is not what is making the economy not to grow, stressing that Nigeria recorded 7 percent annual growth rate in 2013 and 2014 when it was generating less electricity than it does currently.
“Since power supply has increased, consumers have to pay more for the supply. Maybe a consumer who was paying N3,000 monthly before now, has to triple the payment. But Nigeria consumers will still want to pay the same amount he used to pay when the power generation was low; this is wrong calculation.”
The criteria used for the classification ranges from number of cases of fatality, major injures, network sanitation and safety operations.
NERC explained that the actual tariff for one kilowatt-hour of power is meant to be N51, as against the current unit cost of N31.58 for which electricity distribution companies are selling the commodity.
“The Commission has resolved to assiduously work towards bringing to an end the widespread practice of estimated billing through the provision of appropriate meters to all consumers.”
The report noted that innovative options were being put in place by the commission to improve status of metering and customer concerns on estimated billing in the NESI.
Oscarline Onwuemenyi 05 September 2017, Sweetcrude, Abuja – The Executive Secretary, Association of Power Generation Companies (APGC), Dr. Joy Ogaji,…
