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LequteMan
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The rules attached to the much awaited Transitional Electricity Market have thrown electricity marketers in Nigeria into a state of panic, after they became fully aware of their contractual obligations and the sanctions for failing to deliver, the Punch reports:
There is a fresh wave of tension among electricity distribution companies following the commencement of the Transitional Stage Electricity Market on February 1 by the Nigerian Electricity Regulatory Commission and the threat by the commission to punish errant operators in the electricity industry.
In this regime, the failure of electricity distributions companies to pay for energy bought from generation firms and for deliveries on their privatisation performance obligations will now attract sanctions in line with the market rules and contractual obligations.
click here to read more
#Nigeria
There is a fresh wave of tension among electricity distribution companies following the commencement of the Transitional Stage Electricity Market on February 1 by the Nigerian Electricity Regulatory Commission and the threat by the commission to punish errant operators in the electricity industry.
In this regime, the failure of electricity distributions companies to pay for energy bought from generation firms and for deliveries on their privatisation performance obligations will now attract sanctions in line with the market rules and contractual obligations.
click here to read more
#Nigeria
