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’Femi Asu
Published 4 April 2021
Power generation companies were not paid 59.17 per cent of the invoice issued last year for the electricity produced and fed into the national grid.
The government-owned Nigerian Bulk Electricity Trading Plc buys electricity in bulk from generation companies through Power Purchase Agreements and sells through vesting contracts to the Discos, which then supply it to the consumers.
NBET received a total invoice of 1N739.68bn from the Gencos last year but only paid N320.02bn to them.
The nation generates most of its electricity from gas-fired power plants, while output from hydropower plants makes up about 30 per cent of the total generation.
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Published 21 December 2020
A total of 10,106.8 megawatts of electricity could not be generated by the nation’s power plants last week amid lingering challenges in the Nigerian electricity supply industry,
’FEMI ASU reports
Daily electricity generation in the country averaged 4,601.33MW last week as gas constraints and low load demand by electricity distribution companies limited power plants’ output.
The power plants connected to the national grid produced a total of 32,209.3MW last week, according to daily generation figures as of 6am collated from the Nigerian Electricity System Operator.
The plants could not produce 8,924.4MW because of gas supply challenges while 1,182.4MW generation capacity was left idle as a result of Discos’ low demand.