justmi1:
I knew this would happen. As a business man whenever I want my customers to pay more I increase quality, but if they are not willing to pay I drop quality. Simple.

We all know the country is in bad shape but would you rather run generators with 700/ltr fuel or pay more for constant power supply.

Last night everywhere in my neighbourhood was pitch black after aedc cut supply; who them born well to on gen.

Let's get prepaid metres and control our power consumption as we have with fuel. This is the only way we can get quality. The genco and discos though corrupt still needs funds for upgrades and maintenances of thier infrastructure. If they are not making good profit don't expect constant supply. It's economics.

pakirisuitesphc:
DISCOS doesn't generate electricity, they only distribute what GENCOS generate for them.

Deltavariant:
The ghost of Gen Sani Abacha will continue to bedevile the country, he died in 1998 with installed grip capacity of 3000+ MW till date the country has not peaked more than that for a year

nairalanda1:


And they have to pay the gencos, who in turn have to pay for gas...in dollars.

One reason why DISCOS reject power from gencos is the fact that if they accept too much power, they would have to pay the gencos more money than they have at the moment.

DISCOS also pay TCN for using transmission system to get power.

Hence the importance of cost reflective tarrifs.

ogododo:


https://www.vanguardngr.com/2023/07/electricity-generation-drops-16-to-3501mw/amp/

pakirisuitesphc:
Most of the DISCOS are corrupt, they used to reject load from GENCOS in the past, forcing GENCOS to spend money again to store power. All what DISCOS know is just to collect money from customers but not upgrade their equipment, The main reason they dont pick is their degraded equipments cannot carry loads and they will still give people estimated bills for unsupplied load, even to pay GENCOS sometime hard.

ceejayluv:

Before total deregulation, the discos should be mandated to meter ALL consumers. In fact, estimated billing should be banned thenceforth. Also, power theft should be heavily sanctioned by imposing Long prison terms, no option of fine.

07kjb:
They have dropped there Siemens propaganda

How do people leave OBI THAT PROMISED 15KMW IN TWO YEARS AND VOTE FOR TINUBU IN THE NORTH AND WEST SHOWS HOW FOOLISH NIGERIA IS👎

nairalanda1:


People sill bypass the meter. And fight disco officials who catch them doing so.

My former landlord once had to pay off debts on a meter in one of his rentals because the previous tenant bypassed the meter and then vamosed when his rent expired

nairalanda1:
Basically, the DISCOS are not being allowed to charge cost reflective tarrifs.

At one point in 2017 , they even had their bills frozen for 2 years.

Naturally, one won't be able to do much improving with such issues. Government still sets their prices, and pays them a subsidy that is not enough for their needs.

So the result is poor power supply, poor distribution and low geberation

( Just to show you how bad our generation is, Lagos alone needs 10000 MW daily for 24 hour light)

Until DISCOS are allowed to charge cost reflective tarrifs, and until there is an end to power stealing, and until universal metering is a thing...we are not going to get 24 hour light.

You can only give what you have, not what you wish you have.

Three or 4 discos have gone bankrupt because socialism


(Disclaimer: I do not support APC, PDP, LP or Tinubu. A good way to understand our power sector is to google PwC's report on the power sector...Solving the liquidity crunch in the Nigerian power sector...published in 2018 which gives a good account of the problems.)

juvewalex:
I believe they dropped it intentionally so as to force NERC to review and implement their proposed new rates.

Very sad situation.

Kylekent59:
People were praising him then.

Many on Nairaland said they had light for 4 days, this and that...

Nigerians have short-term memory. What a pity!!!

PissInside:
No wonder we ain't got stable light anymore

Bobloco:
Tinubu hasn't made any policy pronouncement regarding power generation since he was sworn in

It's seems power generation is not part of his #RenewedHopeShege agenda

Branco6:

See ehn i have no problem with this your theory
The problem is that theory can never ever work in Nigeria
How?
Okay in places where these kind of theories work,first the service is constant not up and down oo CONSTANT!!
Secondly the government makes sure that they are buffers in place to ease burdens of this theory
That's why the uk have benefits, The US welfare checks ,food stamps et al
Same for other countries in Asia and Europe
Can you hand on heart say the same applies in Nigeria

XerXers:
Kano Distribution Company acquired due to poor performance. Extreme poverty from that axis while they focus on painting the Capital

nairalanda1:


Will you sell bottled EVA water at N20 to help the poor then?

ogododo:


https://www.vanguardngr.com/2023/07/electricity-generation-drops-16-to-3501mw/amp/

Bobloco:
Tinubu hasn't made any policy pronouncement regarding power generation since he was sworn in

It's seems power generation is not part of his #RenewedHopeShege agenda

pakirisuitesphc:
You are right, even with the devaluation of naira, they have to jerk up the rate, but they must give everybody prepaid meter and stop those who always bypass.Both the DISCOS and some Nigerians themselves are criminals.

quote author=nairalanda1 post=124560469]

All that is true...but the main problem is DISCOS themselves do not earn enough from bills because they have been forced to charge below the cost of producution, of power per kwh, meaning they do not make enough profit to accept all the load the gencos send to them....and they can't do upgrades either.

No profit, problem dey.

favor914:
Why must they hike their rates, do they purchase the electricity in dollars?

Who forced them to go & buy toxic government assets in a sector they know nothing about?