Electricity Regulatory Commission Urges Managers to Monitor Investors’ Performance

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The performance managers of operating companies in the Nigerian Electricity Supply Industry (NESI) have been advised by the Nigerian Electricity Regulatory Commission (NERC) to monitor performance agreements signed with the Bureau of Public Enterprise (BPE) when the firms were being privatised as well as stick to key performance indicators (KPI) with the Commission.
Mrs. Olufunke Dinneh, the General Manager, Legal, Licensing and Enforcement, who represented the acting chairman of NERC, Dr. Anthony Akah, stated this in a training in Abuja. 
Akah in a statement made on Thursday said, “You should no longer count yourselves among Nigerians who are lamenting the challenges in the power sector but you should brace up to fix the sector.” 
The acting chairman, according to the statement, told participants that some Nigerians had expressed reservations over possible outcome of the privatisation but that the Federal Government in mitigating such fears created the Commission to formulate operating standards and codes. 
In his words, “There should be effective monitoring of performance agreements and KPI. The Commission working with BPE, as well as other stakeholders and Nigerians want explanation on compliance with the agreements and KPI signed by the private investors and those of you at this training have a role to play in this.”
He added, “The regulator has the responsibility to ensure accountability within the electricity supply value chain. That is why the Commission created standards and codes and you are employed to ensure your respective companies abide by those standards within the regulatory landscape in addition to the performance agreement signed by your management when they took over the erstwhile public utilities.’’ 
Participants at the two day training were drawn from about 37 operating firms across the electricity supply value chain.

The Nation

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