Power distribution companies in the country saw their revenue collection rise a record ₦127 billion in the first three months of the year. According to data from the Association of Nigerian Electricity Distributors, the energy billed by the Discos was 5,768 gigawatt-hours, equivalent to ₦187 billion, out of the 6,911 GWh it received in the period under review. ANED, an umbrella body for the Discos, said the collection in Q1 2020 reached a new record of ₦127 billion, 10 percent more than the same quarter last year. The energy sent out in Q1 2020 was much less than what was projected at the last minor review for 2020. Nigerian electricity supply industry has not solved critical issues such as the lack of spinning reserve, load misalignment, the energy firms added, with Discos and the Transmission Company of Nigeria interface issues, delays in the implementation of TCN´s expansion plan and lack of investment in Discos’ infrastructure. The Disco’s uncertainty on the energy to be received from the TCN has become a major threat, which is expected to hurt the core of their performance improvement plans as many of them are based on the basis of the projections done by the Nigerian Electricity Regulatory Commission at June’s Minor Review 2019, ANED said. It added that only three Discos; EKEDC, IBEDC and IE, received more energy than the same quarter of the previous year. On the other hand, several Discos received less energy. According to the group, the number of registered end-users in the industry keeps increasing at a rate of about 75,000 new customers per month, resulting in more than 9.5 million customers in total. Since 2015, there has been no significant improvement in the energy generated and wheeled by the TCN that is finally received by the Discos. It continues to be flat and is only mainly affected by a seasonal effect between the dry and rainy seasons, the association said.
Tuesday, October 20, 2020