L
LequteMan
Guest
The Nigerian Electricity Supply Industry (NESI) according to THE NATION, has attained the much awaited Transition Stage Electricity Market (TEM).
Wholesale buying and selling of electricity will now be based on contractual and regulatory rules.
This is sequel to an Order of the Nigerian Electricity Regulatory Commission (NERC) directing all electricity market participants on the takeoff of the Transitional Stage of the Electricity Market (TEM) with effect from February 1, 2015.
“With effect from February 1, 2015, the amendments to the Market Rules and application and enforcement of the said Market Rules shall be in full force. With the effectiveness of the Market Rules, as amended, the Transitional Stage Electricity Market shall commence with effect from the same date” NERC says.
One of the implications of TEM is that the gas bottleneck which has constrained electricity supply would be reduced as gas will be supplied to electricity generation firms on a legally binding basis as regards delivery and payment.
Besides, 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.
#Nigeria #TEM #NERC
Wholesale buying and selling of electricity will now be based on contractual and regulatory rules.
This is sequel to an Order of the Nigerian Electricity Regulatory Commission (NERC) directing all electricity market participants on the takeoff of the Transitional Stage of the Electricity Market (TEM) with effect from February 1, 2015.
“With effect from February 1, 2015, the amendments to the Market Rules and application and enforcement of the said Market Rules shall be in full force. With the effectiveness of the Market Rules, as amended, the Transitional Stage Electricity Market shall commence with effect from the same date” NERC says.
One of the implications of TEM is that the gas bottleneck which has constrained electricity supply would be reduced as gas will be supplied to electricity generation firms on a legally binding basis as regards delivery and payment.
Besides, 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.
#Nigeria #TEM #NERC
