Home Breaking News Three West African countries yet to pay for electricity supplied to them...

Three West African countries yet to pay for electricity supplied to them – NERC

The Nigerian Electricity Regulatory Commission, NERC, has disclosed the three countries in West Africa has yet to pay for electricity supplied to them from Nigeria in the second quarter of 2021.

The regulatory agency which said this in its Second Quarter Report 2021 just released in Abuja, noted that the power firms of the three nations and some other special customers were issued a total bill of N770m by the Nigerian Bulk Electricity Trading company and the Market Operator of the Transmission Company of Nigeria, TCN.

The Commission noted however,that nothing was paid by the neighbouring countries and other special customers for the power supplied to them from Nigeria during the period.

The neighbouring countries’ power firms according to it, include Societe Nigerienne d’electricite – NIGELEC, in Niger Republic; Societe Beninoise d’Energie Electrique – SBEE, in Benin Republic; and Compagnie Energie Electrique du Togo– CEET, in Togo Republic.

The report reads, “During the quarter under review, NBET and MO issued a total of ₦0.77bn in respect of energy sold by NBET and services rendered by MO to the special (Ajaokuta Steel Co. Ltd and other bilateral customers) and international customers (Societe Nigerienne d’electricite – NIGELEC, Societe Beninoise d’Energie Electrique – SBEE and Compagnie Energie Electrique du Togo– CEET).

No payment was made by these customers during the quarter under review. It is hoped that as the economy of these customers improves post-COVID-19 lockdown they will resume the settlement of their bills in full.”

The Commission while reviewing the performance of Distribution Companies, DISCOs with respect to the payment of electricity sold to them by the NBET, stated that the firms did not pay up all their bills.

According to it, “During the second quarter of 2021, a total invoice of ₦259.7bn was issued to the eleven Discos for energy received from the Nigerian Bulk Electricity Trading Plc and for service charge by MO, out of which a sum of ₦130.11bn was settled, representing remittance performance of 50.11 per cent.

This represents a 1.78 percentage point decrease from the final settlement rate recorded in the first quarter of 2021.”

The NERC stated that apart from Eko Disco, none of the other Discos met their expected minimum remittance thresholds to NBET in the quarter under review.

It stated that over all, the total Disco remittance to NBET was 76 per cent of expected total for the quarter, as the average aggregate remittance performances to MO and NBET decreased by 1.78 percentage points from 51.88 per cent in first quarter 2021 to 50.1 per cent in the second quarter.

DISCOs remittance performance level ranged from 10.51 per cent (Yola) to 63.69 per cent (Eko) for NBET and 28.76 per cent (Yola) to 99.88 per cent (Eko) for MO,” the NERC stated.

Ikeja recorded zero remittance to MO in the months of May and June 2021 as they wait to resolve Service Level Agreement dispute.”

The report stated that the total billing to and collection from electricity consumers by all the 11 Discos stood at ₦268.97bn and ₦185.29bn respectively during the quarter under review, implying a collection efficiency of 68.89 per cent.

NERC said the level of collection efficiency indicated that as much as ₦3.11 out of every ₦10 worth of energy sold during the second quarter of 2021 remained uncollected from consumers.

CDA Newshttps://cdanewsonline.com
BEST SELLING BLOG THEME OF ALL TIMES. Follow us for more breaking news . Share,, like and Comment on our contents

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

FBI charges top NNPC official for taking $2.1 million bribes to help Addax Petroleum escape $2.4 billion liability to Nigeria

A senior Nigerian National Petroleum Corporation official has been slammed with bribery and tax-related charges in the United States, court filings seen by Peoples...

Senegal president pursues talks for new election date

Crisis talks called by Senegal’s President Macky Sall entered their second day Tuesday and aimed at setting a date for a presidential election he...

Don’t engage in unethical conduct or delay cases in court, CJN warns Judges Ariwoola

The Chief Justice of Nigeria, CJN, Justice Olukayode Ariwoola, on Tuesday, warned judicial officers in the country not to engage in unethical conduct that...

Reps to stop implementation of revised guidelines for verification of nurses’ certificates

The House of Representatives has resolved to stop the implementation of the revised guidelines for verifications of certificates of nurses and midwives by the...

Recent Comments