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Home » Business » Energy » Electricity: How infrastructure, lack of liquidity, others cripple supply to consumers Investigation
Electricity: How infrastructure, lack of liquidity, others cripple supply to consumers Investigation
On As Consumers kick over high estimated bills
By Udeme Akpan
Despite the rise in average electricity sent out year-on-year, YoY, from 90,098.1 megawatts, mw, in 2019, to 94,274.9 mw in 2020, indicating an increase of 4.64 per cent, lack of infrastructure, inadequate liquidity and other problems continue to disrupt the transmission and distribution of adequate electricity to consumers nationwide.
Specifically, the third quarter Nigerian Electricity Supply Industry, NESI, key operational and financial data obtained by Energy Vanguard from the Nigerian Electricity Regulatory Commission, NERC, weekend, showed that the delivery to consumers was constrained mainly by issues that have to do with transmission and dist
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The Nigerian Bulk Electricity Trading Plc (NBET) payment shortfall to the electricity Generation Companies (GenCos) between January 2019 and September 2020 is N865billion, Nigeria Electricity Supply Industry (NESI) data has revealed.
Also, the data states that the eleven electricity Distribution Companies (DisCos) failed to remit a total of N870 billion within the period.
A key operational and financial data obtained from the official website of the Nigerian Electricity Regulatory Commission (NERC) disclosed that in 2019, the total sum of the invoice from 25 GenCos to NBET was an approximated N675billon from which only N174.3billion was paid, leaving a shortfall of N496.65billion.
· Buhari’s anti-graft war has failed, say CSOs
Gboyega Akinsanmi
Corrupt practices flourish in Nigeria under the administration of President Muhammadu Buhari just like it did under the government of Dr. Goodluck Jonathan, Corruption Perception Indexes (CPIs) of Transparency International (TI) have revealed.
While Nigeria scored 25.5 out of 100 points on the average under Jonathan’s administration, the country only garnered 26.5 points between 2015 and 2020 under Buhari despite making the fight against corruption one of the pillars of his administration.
In a comparative analysis of corruption perception indexes between 2010 and 2020 by THISDAY, TI’s reports reveal that there is no significant improvement in the fight against corruption under the two administrations.
62.63% electricity consumers on estimated billing, says NERC
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The Nigerian Electricity Regulatory Commission (NERC) on Friday said 62.63 per cent of electricity consumers in the country were on estimated billing as at September 2020.
NERC stated this in the 2019 to Quarter 3, 2020 Nigerian Electricity Supply Industry (NESI) Key Financial and Operational Data, obtained from its website by the News Agency of Nigeria (NAN) in Lagos.
The document showed that only Eko Electricity Distribution Company and Ikeja Electric Plc had metered over 50 per cent of their customers as at the review period.
The huge metering gap for electricity customers, according to NERC, remains a key challenge in the industry.