baliyubla:
Their protest should be against the minister of Darkness Fashola, as BEDC and other distribution companies in Nigeria only distribute what has been generated and transmitted to them. What sector is even working under this government of the dullard?

Sometimes they Rejected it, and sometime inadequate revenue generated makes them to misbehave

Jirate:


And Buhari Care Less......, The Dummy Want Us To Vote For Him Even In Darkness,

God Will Punish Him In 2019, Nigerians Are Wiser Now.

It wasn't Buhari's fault. PDP brought us this mess we are seeing now. Even though APC may be hypocrite, there is nothing they could do because of the agreement reached by the government and disco operators.

Hoodbilonia:
3hrs in 6hrs out edo is cursed

8 hrs a day seems fair enough.

Erums:


Meters aren't the problem cos bypassing is paramount with nigerians.... The load rejection is the main thing, cos if u give meter and reject load, u lose both ways....

Nigerians
There are effective solution to bypassing.

I want in Ghana recently. I observed that all customers there were metered. Even in the villages. The meters are even very accessible to anyone but still, no theft or bypassing.

If 'small Ghana' can do it, then big Nigeria can do it as well.

nanizle:


Let me give you an example.

TCN says 'Disco A' should take 700MW and distribute/sell to customers.

'Disco A' says no and takes only 300MW (load rejection), intentionally leaving many other customers without power.

One common ridiculous and unacceptable reason for this load rejection is 'they can't collect the bill for 700MW' from customers. Same discos that intentionally won't give customers prepaid meters.

Discos are not ready to do real electricity business in Nigeria. They are just profiting from a broken system via estimated billing with apparently no intention to improve their network and capacity.

Same DISCOs are entering into bilateral agreements with GENCOs for more supply of energy. But let’s do a quick analysis of the value chain. Gencos will buy gas for generating energy at the prevailing exchange rate and sell at the same rate plus their margin (profit). No story, no government intervention, business done strictly at arm’s length! Discos buy, but at the point of selling this same energy to the people, government comes in to say no, there is a tariff/price you should sell and this tariff is actually pegged at 190 naira per dollar. Very unrealistic! So by basic arithmetic, DISCOs are suffering a shortfall of roughly 190 naira.

Imagine a DISCO having a pre take-over outstanding of about 80 billion and most of these outstandings are being owed by government ministries, agencies and parastatals and there’s virtually nothing you can do. You cannot cut them off supply, you even have to make them a priority in your distribution.

For 5 years now that the sector has been privatized, DISCOs have been claiming losses, hence, not paying company oncome tax but wven the government does not have the guts to challenge them.

Ordinarily, GENCOs are not willing to supply to DISCOs save for NBET that gives them a guarantee of payment. And for all outstandings of the DISCOs to NBET, it charges interest as a penalty. But can the DISCOs charge interest on the outstanding people are owing them? Government still sets unrealistic ATC & C targets for them despite the bad facilities met on ground that translates to higher technical losses. How do you explain that equipments for the sector running into hundreds of billions of naira were imported and the government claimed it had no money to pay demurrage so they were abandoned at the ports for 10 years? And whether you use them or not, depreciation will set in.

The issue of prepaid meters is another one I don’t even want to go into. Truth is, all the stakeholders including the masses need to have a discussion on the way forward. We all have very important to play to make the sector work.

http://nbet.com.ng/resources/market-data/distribution-companies/2018-disco-report/#1527516266917-f4243da7-0c9f


http://www.onemnigeria.org/index.php?option=com_docman&task=doc_view&gid=213&tmpl=component&format=raw&Itemid=61

Did I mention that the discos get billed by both NBET and MO? Didn't even know this info is online. Funny what google can find.
By the way, NBET charges Nibor +4% on outstanding balances. You can compute how much the discos are owing based on their remittance pattern.

Nevee:

Same DISCOs are entering into bilateral agreements with GENCOs for more supply of energy. But let’s do a quick analysis of the value chain. Gencos will buy gas for generating energy at the prevailing exchange rate and sell at the same rate plus their margin (profit). No story, no government intervention, business done strictly at arm’s length! Discos buy, but at the point of selling this same energy to the people, government comes in to say no, there is tariff/price you should sell and this tariff is actually pegged at 190 naira per dollar. Very unrealistic! So by basic arithmetic, DISCOs are suffering a shortfall of roughly 190 naira.

Imagine a DISCO having a pre take-over outstanding of about 80 billion and most of thesw outstandings are being owes by government ministries, agencies and parastatals and there’s virtually nothing you can do. You cannot cut them off supply, you even have to make them a priority in your distribution.

For 5 years now that the sector has been privatized, DISCOs have been claiming losses, hence, not paying company oncome tax but wven the government does not have the guts to challenge them.

Ordinarily, GENCOs are not willing to supply to DISCOs save for NBET that gives them a guarantee of payment. And for all outstandings of the DISCOs, NBET charges an interest as a penalty on them. But can the DISCOs charge interest on the outstanding people are owing them? Government still sets unrealistic ATC & C targets for them despite the bad equipment met on ground that translates to higher technical losses. How do you explain that equipments for the sector running into hundreds of billions of naira were imported and the government claimed it had no money to pay demurrage so they were abandoned at the ports for 10 years. And whether you use them or not, depreciation will set in.

The issue of prepaid meters is another one I don’t even want to go into. Truth is, all the stakeholders including the masses need to have a discussion on the way forward. We all have very important to play to make the sector work.

Hmm, another disco staff spotted. Actually, you can't pay income tax if you are making losses. However they still remit a lot of taxes to government. Withholding tax, VAT, minimum tax(payable even if u are making losses) and PAYE

Benin...backward folks

nanizle:


Nigerians
There are effective solution to bypassing.

I want in Ghana recently. I observed that all customers there were metered. Even in the villages. The meters are even very accessible to anyone but still, no theft or bypassing.

If 'small Ghana' can do it, then big Nigeria can do it as well.

The mindset of Ghanaians and Nigerians are not the same. Many Nigerians have corrupt and dubious mind towards things compare to Ghana.

Nevee:

Same DISCOs are entering into bilateral agreements with GENCOs for more supply of energy. But let’s do a quick analysis of the value chain. Gencos will buy gas for generating energy at the prevailing exchange rate and sell at the same rate plus their margin (profit). No ....

The issue of prepaid meters is another one I don’t even want to go into. Truth is, all the stakeholders including the masses need to have a discussion on the way forward. We all have very important to play to make the sector work.

My question is this. Why didn't does that bought the discos do proper due diligence?

Assuming they did and realized the extent of the rot and the amount of money they needed to fix things, they could have declined to buy it and let the government continue running it. Things may have turned out differently.

Is it possible that these discos were just sold off to government officials, their friends or cronies? Thinking that it's like any other business that would automatically keep making them billions?

Preator:

Hmm, another disco staff spotted. Actually, you can't pay income tax if you are making losses. However they still remit a lot of taxes to government. Withholding tax, VAT, minimum tax(payable even if u are making losses) and PAYE

Lol this isn’t about been a DISCO staff really. And of course, a company making a loss cannot pay CIT. If you’re well informed of happenings in the power sector, thinking of a solution can make one almost run mad. It’s high time we had an extensive discussion on the way forward.

Preator:

You would have been right except you missed the wheeling capacity of TCN which is roughly 5GW(even that is a doubt now as some section of the grid are not adequately maintained)

Furthermore, generating capacity is far different from generated energy due to constraints. The major constraint is usually gas which keeps quite a number of our gas turbines idle.
By the way, if the gencos generates and tcn wheels out, the discos have to distribute or the system collapse(EE guys can confirm this). Plus they pay for the idle capacity too.

the problem with power is disco.. dey buy wat dey want not wat there consumer need at d end of d day alot of energy is wasted in d grid

peteredo:
the problem with power is disco.. dey buy wat dey want not wat there consumer need at d end of d day alot of energy is wasted in d grid

The discos are part of the problems but not the sole culprit.
Imagine the flour seller sells flour to the baker at 1$ using prevailing exchange rate.
The baker bakes and sell same to the bread seller in ur area at 1.3$ using the prevailing rate.
When its time for the bread seller to sell, the government comes and say, bread is an essential commodity. Everybody eats bread, so sell bread at just 0.7$ and we will pay you the balance. But the exchange rate must be N190/$ . the bread seller stupidly agrees because she has never sold bread before.
She buys 10 breads, 5 got stolen, the five she sold, only three paid, and government refuse to make up for the balance it promised to pay.

And you want the system to work? For where?

This Bedc is all scam. I think NERC are not sincere to the consumers plight as regard this scam called Bedc. I believe this is high time consumers needed to speak with one tongue in chasing this demon call themselves Bedc away.

Rip Nigeria...

baliyubla:
Their protest should be against the minister of Darkness Fashola, as BEDC and other distribution companies in Nigeria only distribute what has been generated and transmitted to them. What sector is even working under this government of the dullard?

in dat case they should give us prepay meters, they are fraudulent.

asuustrike1:

The mindset of Ghanaians and Nigerians are not the same. Many Nigerians have corrupt and dubious mind towards things compare to Ghana.

You are very right
Nigerians have corrupt and dubious
A clerk working at the electricity company will be driving 3 million car
Greedy is in all Nigerian blood

Preator:

The discos are part of the problems but not the sole culprit.
Imagine the flour seller sells flour to the baker at 1$ using prevailing exchange rate.
The baker bakes and sell same to the bread seller in ur area at 1.3$ using the prevailing rate.
When its time for the bread seller to sell, the government comes and say, bread is an essential commodity. Everybody eats bread, so sell bread at just 0.7$ and we will pay you the balance. But the exchange rate must be N190/$ . the bread seller stupidly agrees because she has never sold bread before.
She buys 10 breads, 5 got stolen, the five she sold, only three paid, and government refuse to make up for the balance it promised to pay.

And you want the system to work? For where?

80% of Nigerian are willing to pay for the service at the price
Can discos provide the service No
why the staff are all corrupt one factor
second factor nigerians are stealing power and damaging discos infrastructure

nanizle:


My question is this. Why didn't does that bought the discos do proper due diligence?

Assuming they did and realized the extent of the rot and the amount of money they needed to fix things, they could have declined to buy it and let the government continue running it. Things may have turned out differently.

Is it possible that these discos were just sold off to government officials, their friends or cronies? Thinking that it's like any other business that would automatically keep making them billions?

Valid question. DISCOs were not given the chance to carry out due diligence as they should. Let me remind you that the sector is HIGHLY unionized. So many times prior to take over that the bidders went to the field for actual assessment of the assets, unions would come to disrupt in a bid to protest privatization and that all their demands as to staff welfare were met before having any discussion on privatization. This was the usual practice. Government had to give an assurance that the assets were okay and promised an intervention fund as a form of support for the bad ones. Till date, one naira of the fund has not been paid to the DISCOs. And for the money government loaned to DISCOs through CBN, part of the principal plus interest is automatically deducted monthly from the DISCOs’ accounts. No story, no negotiation, no excuses.

Even the government knows it currently lacks the wherewithal to run the sector. Few months ago, one of the MD of the DISCOs said it’s owners are willing to leave now. He stated they made about 82 million dollars investment in the DISCO already and they were ready to leave right there for just 72 million dollars, 10 million short. The DISCOs never fail to call out the government, let government do same to the DISCOs with facts and figures. I’m not saying the DISCOs are saints, neither is the government nor the people. We all have our roles to play.

Demrich:
in dat case they should give us prepay meters, they are fraudulent.

Technically, it’s your government that is owing you prepaid metres, not DISCOs.

GoodFaith:


80% of Nigerian are willing to pay for the service at the price
Can discos provide the service No
why the staff are all corrupt one factor
second factor nigerians are stealing power and damaging discos infrastructure

DISCOs can actually provide the service. It’s business. If they make tariffs cost reflective, what would be the fate of someone earning the current minimum wage of 18k and he gets a bill more than this wage? Well, DISCOs will bill at that tariff but who will pay those bills? Lol their debt will only be increasing.

Nevee:

DISCOs can actually provide the price. It’s business. If they make tariffs cost reflective, what would be the fate of someone earning the current minimum wage of 18k and he gets a bill more than this wage? Well, DISCOs will be at that tariff but who will pay for those bills? Lol their debt will only be increasing.

We all should have a meter pay as u go?
case close

Hoodbilonia:
3hrs in
6hrs out
edo is cursed

my area is 3 hours on and 12 hours off. We only have 6 hours light out of 24 hours

Lolz, in films herbalist don't use light na.

baliyubla:
Their protest should be against the minister of Darkness Fashola, as BEDC and other distribution companies in Nigeria only distribute what has been generated and transmitted to them. What sector is even working under this government of the dullard?

https://www.nairaland.com/4808618/state-electricity-nigeria-minister-fashola

Read that then come back and edit your comment. Nigeria produce more electricity than the Fake companies can distribute

baliyubla:
Their protest should be against the minister of Darkness Fashola, as BEDC and other distribution companies in Nigeria only distribute what has been generated and transmitted to them. What sector is even working under this government of the dullard?

You are talking like this because you don't know the real issues in a two bedroom flat will be giving 31k a month as bill.

Leonbonapart:
Young boys into native doctoring. Mtcheeeew!!

Note they are not real native doctors they were just acting.

Plzzzz ooo Buhari the license should not be renew o, biko..the worst disco in Nigeria I swear, the woman is just managing the disco poorly , after using her husband as front to acquire the license ,

We in Delta state support your protest.. This light condition is terrible , the worst so far, even the defunct NEPA was far better than this BEDC,

post=:



A serious Government will fix the power problem in six months”- Babatunde Raji Fashola 12/11/2014

Thunder faya all coneheads wella

So light � de deh for shrines like this?

t00dugged:
some areas only have light when its close to when they will come and share bill ,after that ,okapri!

we for ugbowo suffered a lot.
we wrote exams during darkness.