Nigerians waiting to get metered by the 11 electricity Distribution Companies (Discos) may have to endure for longer as the installation of prepaid meters is projected to gulp over N200 billion.

The Discos’ inability to meter every household is further compounded by liquidity problem challenges, which makes it difficult for them to access credit to purchase meters.

Minister of Power, Works and Housing, Mr. Babatunde Fashola, who disclosed the robust metering requirement of the sector at the University of Lagos (UNILAG) Department of Economics 2017 Public Lecture Series, however regretted that one of the omissions of the privatisation carried out by the last administration was its lack of compulsory metering component before the conclusion of the programme.

This, he said, was compounded by an inaccurate consumer projection of six million households, without a consumer audit, adding that these are the problems the Buhari government was trying to fix with the Power Sector Recovery Programme.

‘‘What we must insist on is the provision of meters, so that we can monitor and control what we consume. Government must also not interfere with the power of the regulator when it fixes tariff in the way the last administration ordered a reversal of tariff in order to win electoral votes in 2014.

“It created massive debt for Nigeria because while the government ordered a reversal of tariff, it did not reduce exchange rate, interest rate, cost of wages or cost of gas and other inputs necessary to produce power,’’ he disclosed.

The Minister queried why Nigeria should carry a debt created by an individual’s electoral ambition, adding that this was what the Buhari administration had to contend with.

He revealed that most, if not all, the oil and gas producing communities where there is electricity connection do not pay for power because somebody is carrying the cost.

This, he said, is worsened by the fact that the light bulbs are on during the day while in some communities they are never switched off, saying such act is waste because what is wasted will never be enough.

The Minister explained that different classes of consumers require different types of meters, including single and multiple phases, to ensure that meter matches consumer consumption, adding that meters by the same manufacturers are calibrated for each Disco’s use such that a consumer cannot use a meter calibrated for Ikeja Disco in Eko Disco without re-calibration.


http://www.energywatchng.com/discos-need-n220bn-give-consumers-meter-fashola/

The Power situation in the country saw a 24 percent improvement in June cumulatively, 69,800 megawatts, MW, were sent out as against 53,339MW sent out in May, daily operational report of the Nigerian Electricity System Operation

Gas and water constraints were still recorded within the period under review.

Though the month of June recorded a much higher frequency constraint of about 13,275MW, as against 2,443MW recorded in May, the improvement in June could be attributed to non recorded system collapse of the various power stations.

Also, there were high frequency challenges resulting in generation reductions at Afam Power Plant V1, Ibom Power Plant, Geregu National Integrated Power Project, NIPP and Alaoji NIPP. But the situation has worsened in July, this year as a result of many challenges in the sector.

The report of the Advisory Power Team, made available to Vanguard stated: “On July 8 2017, average power sent out was 3,351 MWh/hour (down by 128 MWh/h).

Water management constraint

“The reported gas constraint was 644MW. The reported line constraint was 69.8MW. The reported frequency management constraint due to loss of DisCo feeders was 1939MW. The water management constraint was 0MW. The power sector lost an estimated N1, 273,000,000 on July 8 2017 due to constraints.

“High frequency due to loss of DisCo feeders remains a significant constraint to generation in Afam VI,Shiroro, Jebba, Odukpani, Geregu I, Omotosho I, Olorunsogo II, and Transcorp Ughelli. Increased line constraints at Ibom.”

However, Nigeria’s power sector may be in for hard times as both foreign and local investors are no longer willing to do business in it, Vanguard has learnt.

According to the Power Sector Recovery Programme, PSRP, which was initiated by the Federal Government and the World Bank, the sector appears to have lost its appeals to investors, both foreign and local, such that many of its sources of funding projects are no longer available.

Consequently, the sector is left with just two dependable funding windows, which are the Central Bank of Nigeria (CBN) and the World Bank.

“From being an investment destination sought after in 2013 – both at home and abroad, the NESI (Nigeria Electricity Supply Industry) has fallen out of favour,” a document of the PSRP sighted by Vanguard stated.According to the document, “With the recent meetings in Abuja of the DFI/MDBs (Development Finance Institutions and Multilateral Development Banks) over issues concerning the currency redenomination of the Put-Call Option Agreement (PCOA), there now remains only two dependable sources of financing for the NESI: NGN – the Central Bank of Nigeria (CBN); USD – the World Bank Group (WBG).”

Regretting that the power sector may have lost the type of investment attraction it had experienced from financiers, the PSRP explained that there was an urgent need to revive its fortunes.

“A bold turnaround plan is now required to utilise current assets and resources optimally, and to restore investor confidence in the sector, required to deliver the planned sector reforms,” it stated.

The document noted that there are several proposals made to get the sector out from the woods, some of which are the government’s reactivation of the privatisation of some key power plants built under the National Integrated Power Projects (NIPPs), as well as other key policy measures which the government must initiate.

Nigeria has been seeking ways to invest $20billion yearly in the sector over the next five years to generate 20,000 megawatts (Mw) of electricity to boost power supply.

However, sources said foreign investors have rejected the invitation of the Federal Government to invest in the power sector because of its low prospects.

It was gathered that the investors, mainly from United States, China, Korea, United Kingdom, Germany and other European countries, are seeing Nigeria as an investment risk nation.

http://www.energywatchng.com/electricity-supply-improves-24-percent-june/

ALL HAS BEEN SOLD OUT THANK YOU

Iphone 7 plus ... SOLD .... Iphone 7 remaining

Bum bum

1 More left to go

bum!!

s.a.

All Phones Sold... Out

bump... be the first to grab ur iphone 7

s.a.

1 more left to go

S.a.

Okay

bum

still available...

bum

s.a.

I have a new Iphone 7 32GB, Gold Colour. - N255, 000
And
[s]Iphone 7 Plus 128gb, Red Colour - N335, 000[/s].... (sold)

- Water resistant

- Dust Resistance

- Apple Pay (Visa, MasterCard, AMEX certified)

Best Prices you can get!!


Location: Asaba, Delta and environs

07036601279

Cheers

bum

still available

BUM

Still on

still available

make it 75k...

bluejay242001:
i will pay 65k.... am coming to benin tomorrow and will like come to Asaba if you agree with my price.....hala me on 08137460545.

s.a.

Nigerian Electricity Regulatory Commission (NERC) has ​stated that Maximum Demand electricity consumers ​that were ​not provided with prepaid meters ​as at​ March 1 to stop paying electricity bills presented by Distribution Companies (DISCOs) on the basis of estimated billing methodology.

The commission also ordered the DISCOs not to disconnect any such customer that refuses to pay the bills and further advised such customers to report to the commission if disconnected.

NERC ​in​ a statement on its website​ at the weekend​​, said​ in line with its mandate of protecting the rights of customers, NERC had in June 2016 after consultation with the operators, directed DISCOs to conclude metering of all customers before November 30, 2016.

​NERC added that the sanction was sequel to the expiration of the initial directives by NERC and the moratorium period given to DISCOs to meter consumers.

The statement reads in part:​ ​“A directive was issued to distribution companies by the Commission in June 2016 for all MD customers to be metered by 30 November 2016.

“The Commission received appeals on compliance deadline from distribution companies prior to the expiration of the 30 November 2016 deadline. The deadline was extended to 1 March 2017 after consideration of appeals received from distribution companies.

“Upon due consideration of facts above and the expiration of the compliance deadline granted to distribution companies on the metering of MD customers; the Commission hereby directs as follows;

“1. Any MD customer that was not metered by 1 March 2017 shall not pay any electricity bill presented by a distribution company on the basis of estimated billing methodology and these customers are advised to report this to the Commission.

“2. No distribution company shall disconnect any MD customer that was not metered by 1 March 2017 on the basis of the customer’s refusal to pay a bill issued after the compliance deadline on the basis of estimated billing methodology.

“3. Any MD customer that was not metered by 1 March 2017 should notify the Commission directly on:
Nigerian Electricity Regulatory Commission
Adamawa Plaza
Plot 1099 First Avenue
Off Shehu Shagari Way
Central Business District​, ​Abuja

info@nerc.gov.ng
complaints@nerc.gov.ng
234 9 462 1424
234 9 462 1414

http://www.energywatchng.com/customers-without-meters-stop-paying-electricity-bills-nerc/

bum

s.a.

more pics

I have 2 clean Neat US used Samsung Tab 500T with detachable keyboard for sale.
2gb Ram, 50gb SSD, with memory card slot, Processor: Intel 1.8 GHz,
with S pen (for quick writing of notes etc)
And very strong battery life

Price 75k


07036601279

Location: Asaba delta state

Cheers

1 More left!!