COMMUNIQUE ISSUED AT THE END OF THE 2"d QUARTER MARKET PARTICIPANT FORUM PDF Print E-mail
Written by Oni Ehimen   
Tuesday, 23 May 2017 12:10

The interactive Forum was put together by the Market Operator as part of its quarterly activities of Market development. The forum was attended by Market Participants and other stakeholders - Gencos, Discos, Transmission Company of Nigeria (TCN), Nigerian Bulk Electricity Trader (NBET), Bureau for Public Enterprise (BPE), Nigerian Electricity Regulatory Commission (NERC) and Association of Power Generation Companies (APGC).

Below are the resolutions and suggestions made:

1. Gencos declared that they have the capacity to generate 8,500MW and called for improvement in Transmission and Distribution capacity to

generate 8,500MW and called for improvement in Transmission and Distribution capacity to accommodate this level of generation.

2. Gencos called for Centralization of market collection and appropriate disbursement based on the agreed percentages (relevant ruling documents).

3. Gencos called for activation of their existing contracts with NBET.

4. Gencos and Service Providers called for the declaration of eligible customers.

5. Gencos called for denomination of gas price in Naira and this agrees with the call from Discos for harmonization of currency for all transactions in the market.

6. Gencos called for alignment of market payment with the gas payment cycle.

7. Gencos demand for a payment mechanism for the outstanding N504bn.

8. Discos called for implementation of the last tariff review for the end users.

9. Discos called for immediate payment of MDAs outstanding debts in order to improve liquidity in the market.

10. Discos called for a holistic approach of addressing the sector challenges not only the upstream.

11. Discos and TCN called for cost-reflective tariff that assumes no borrowing. However, it was noted that tariff reviews should be based on proper tariff studies taking into consideration all possible impacts (positive and negative).

12. Discos called for subsidy in the market to support purchasing power of the population,and that Government should remember to redeem her earlier promise of the N100bn subsidy.

13. Discos called for legislative action or backing to address cases of electricity theft and delinquent customers through the introduction of special electricity courts which will have time limit to address disputes and issues of delinquent customers. Delinquent customers should be made to pay interest on their outstanding bills.

14. Discos called for the addition of their revenue shortfalls as a Regulatory Asset.

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Last Updated on Tuesday, 23 May 2017 12:52
 

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