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Niger, Benin and Togo pay N2.04 billion electricity bills to Nigeria

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Nigeria considers supplying electricity to Chad


Worldwide prospects – Niger, Benin, Togo – who purchase power from Nigeria despatched a complete of N2.04 billion within the first quarter of this 12 months as their excellent electrical energy invoice to the sector’s Market Operator in Nigeria.

However particular prospects, Ajaokuta Metal Co. Ltd and its environment, didn’t make any funds in relation to the N0.27 billion and N0.05 billion invoices issued by Nigerian Bulk Electrical energy Buying and selling Plc and MO, respectively, throughout the evaluate interval .

The Nigeria Electrical energy Regulatory Fee disclosed this in its report for the primary quarter of 2020.

He mentioned {that a} complete of N4.05 billion ($ 13.22 million) of invoices have been issued by the MO to worldwide prospects, together with Societe Nigerienne d’electricite or NIGELEC; Societe Beninoise d’Energie Electrique or SBEE; and Compagnie Energie Electrique du Togo or CEET.

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The fee said that throughout the quarter, NIGELEC made a fee of ₦ 1.61 billion ($ 5.27 million) as a part of its excellent accounts for power obtained from NBET and companies supplied by MO.

“Likewise, SBEE paid ₦ 0.43 billion ($ 1.39 million) in relation to companies obtained from MO,” added the fee.

He mentioned it was noteworthy that the tariff deficit (represented by the distinction between the precise tariffs to the top consumer paid by shoppers and the charges that mirror the prices authorized by NERC) contributed partially to the liquidity challenges confronted by the sector.

Nevertheless, he said that the settlement ratio in relation to the anticipated Minimal Remittance Limits, having been adjusted by the tariff deficit, indicated that the power distributors wanted to enhance their efficiency.

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It was reported on Tuesday that power distributors didn’t ship N119.88bn to the sector within the first quarter of the 12 months.

“Contemplating that Discos ought to make a 46.09 % market remittance throughout 2020 / T1, solely 32.53 % of the settlement charge was reached inside the timeframe foreseen for market settlement within the Market Guidelines,” mentioned fee.
He mentioned that the extent of shipments from Discs, whatever the present tariff discount, was nonetheless under the anticipated MRT and requested power corporations to enhance their efficiency.

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