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(AFRICAN EXAMINER) – Labour is pushing for a 40 per cent reduction following September’s increase by the Federal Government.
There is a stalemate in the push for electricity tariffs reversal championed by Organised Labour.
Labour’s argument is based on findings that gas, a major component of the Distribution Companies (Discos), should not be sold in dollars.
According to Organised Labour, the product should be sold to Discos at $1.50, as against $2.50, even if it is to be sold in foreign currency.
Organised Labour found that the Discos consume 70 per cent of the gas generated in the country, wondering why the government has to always increase tariff.
Nigeria already exports electricity to other neighbouring countries such as the Republic of Benin, Niger, and Togo despite a paltry generation barely enough to cater for its over 200 million population, Naija247news reports
Already the liquidity situation in Nigeria’s power sector has worsened, as the indebtedness of the distribution companies, DisCos, to Nigerian Bulk Electricity Trading, NBET, Plc., has increased to N396.86 billion, indicating an increase of seven per cent, compared to N368.83 billion recorded in the corresponding period of 2019.
Sources tell Naija247news Nigeria is considering exporting electricity to Equatorial Guinea as both nations have advanced talks over the possibility.
Vanguard News
Power sector deficit hits N396.86bn in 9 months
On
By Ediri Ejoh
The liquidity situation in Nigeria’s power sector has worsened, as the indebtedness of the distribution companies, DisCos, to Nigerian Bulk Electricity Trading, NBET, Plc., has increased to N396.86 billion, indicating an increase of seven per cent, compared to N368.83 billion recorded in the corresponding period of 2019.
This debt profile accrued by the inability of the 11 power distribution companies in the country to remit a total of N396.86 billion to the NBET for the electricity sold to them from January to September 2020.
The government-owned NBET 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.
By Emmanuel Addeh
The Benin Electricity Distribution (BEDC) has dragged the Nigerian Electricity Regulatory Commission (NERC) to court over the regulator’s plan to grant an operating licence to Asaba Distribution Limited (ADL).
Following the petition to the regulator by Benin Disco, the regulatory agency for the power sector, had fixed yesterday, January 19 for the hearing of the petition which sought to stop the release of an Independent Electricity Distribution Network Licence to the firm.
While setting out modalities for resolution of the issue, NERC stated that the hearing was pursuant to Section 70 (2) of the Electric Power Sector Reform Act (EPSRA).
Increased electricity tariff tough for consumers to pay Umeh
On
By Ediri Ejoh
Chief Executive Officer of Century Power Generation Limited, Dr Chukwueloka Umeh, says that the Nigerian Electricity Regulatory Commission, NERC’s, failure to increase electricity tariff in smaller, steady steps from 2015, as stipulated in the Multi-Year Tariff Order, MYTO, has made the almost 100 per cent increase for some consumers very discomforting, especially at this time of unprecedented economic hardship.
Dr Umeh said for there to be electricity available to every Nigerian, tariff increment is necessary for the power value chain to work effectively. He, however, admits that the timing for this increase could be better, considering the economic situation in the country.