Unbundle NERC, not tariff slash
the electricity market operator said the development was due to the appreciation of the naira in the official exchange window.
the electricity market operator said the development was due to the appreciation of the naira in the official exchange window.
Since one came of age, the power sector bears the trade mark of inefficiency.
Adelabu, grandson of Adegoke Adelabu, stormy petrel politician of pre-Independence Ibadan politics, should quit explaining the shortcomings of the Gencos and the Discos and concentrate his efforts on expanding the capacity of the national grid that the Bretton Woods institutions should have advised.
The commission has also licensed 17 Independent Electricity Distribution Network operators of which 11 are operational.”
Findings showed the commission issued 114 registration/permits for the development of mini-grids to boost power supply across the country during the period.
The failure to meet target, according to NERC, comes at a time when the sector was considering an increase in electricity tariffs brought about by macroeconomic conditions.
The Nigerian electricity law consists of the body of law, which regulates the generation, transmission, distribution and trading of electricity in Nigeria.
Oduntan, who stated that Nigeria would require 200,000mw of power generation to meet the electricity need of its 200 million citizens, added that going by international standards, 1,000mw was needed to serve one million people.
According to Omonfoman, the problem is partly due to the non-implementation of cost-reflective tariffs by the Nigerian Electricity Regulatory Commission (NERC), high technical and commercial losses exacerbated by energy theft, and consumers’ apathy to payments because of unfair estimated billing practices by DisCos, and poor metering implementation by DisCos.
The programme which is being done in collaboration with MOJEC International Ltd. commenced on Tuesday at the Ikeja Electric’s Shomolu Business Unit for customers in Ilupeju, Oworo and Igbobi areas of Lagos State.