Tag Archives: TEM

DISCOs Get Deadline to Pay Debts for Procured Power

DISCOs Get Deadline to Pay Debts for Procured Power

Defaulting electricity distribution companies in the country have been given up till tomorrow to Friday to pay up their outstanding debts or risk stiff sanctions. This notice was issued yesterday by the Nigerian Bulk Electricity Trading Limited (NBET), explaining that the debts covered outstanding payments for capacity and energy invoiced for February, March and April

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Regular Power Supply Tops Nigerians’ Expectations from Incoming Leaders

A significant number of Nigerians are placing the quest for regular electricity supply as the top priority that should be tackled by the incoming administration under the leadership of General Muhammadu Buhari, going by the outcome of popular a survey on expectations from the new government. The research conducted by the NOIPolls Limited and released

ELECT

AFDB Commits $200m to Coal-to-Power Projects, Says FG

In its determination to deepen the development of the renewable energy, the African Development Bank, AFDB, has offered to provide a support to the tune of about $200 million towards the growth of coal-to-power projects in Nigeria. The Managing Director and Chief Executive of Nigerian Bulk Electricity Trading PLC, NBET, Mr. Rumundaka Wonodi, who disclosed

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Electricity Market Remittances by Discos Still Poor

The average monthly invoiced revenue remittances from privatised electricity distribution companies in Nigeria are still unimpressive, the Operator of the Nigerian Electricity Market (ONEM) known as the Market Operator (MO), has said. Speaking at a training forum for participants in the industry in Abuja, the acting director of the MO, Ngozi Osumbor, stated that most

Power-transformer

Nigeria’s Power Market in Limbo Puts Investors, Financiers in a Jam

Eight months after the privatisation of the now defunct state-owned Power Holding Company of Nigeria (PHCN), the Nigerian electricity market remains largely in a state of limbo as it continues to operate under a set of government interim rules, four months after the planned launch of the transitional electricity market (TEM) was put on hold.

Investors, Regulators Await Nigeria’s Transitional Electricity Market

The delay in the official declaration of Nigeria’s transitional electricity market (TEM) will be discussed as Africa’s energy ministries and utilities with global energy investors and developers meet during the Africa Energy Forum (AEF) to be held in Istanbul, Turkey. The Nigerian power sector privatisation exercise was a historic reform that for the first time

Power Firms to Begin 100% Remmittance September

The power sector privatisation programme will move to the next stage by September when all electricity distribution companies (DISCOs) are expected to remit 100 per cent  of their collections from customers. That is when the Nigerian Electricity Regulatory Commission (NERC) will change from the Interim Market Rules (IMR) to the Transition Electricity Market (TEM). When

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FG’s Power Delivery Targets May Lead to Adjustments in NERC’s Rules

There are growing concerns among operators in the Nigeria’s Electricity Supply Industry (NESI), as to how the newly announced interim market rules of the Nigerian Electricity Regulatory Commission (NERC) will help advance the sector into the anticipated Transition Electricity Market (TEM). THISDAY gathered from industry operators, especially Chief Executive Officers (CEOs) of some distribution and

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