If you have been experiencing poor electricity supply to your home, apartment or office in recent times, there is actually some explanation to it all. Total public power supply to the country has fallen below 4,000 megawatts in recent months from a peak of above 5,000 megawatts in early 2018.
According to Punch, data obtained from the Ministry of Power, Works and Housing on Monday, November 12, showed that 2002.8MW of generated electricity was unused as at last Friday, due to low load demand by Discos. Gas constraints accounted for the loss of 658.4MW generation capacity. What that essentially means is that Discos are turning back a chunk of the electricity they receive from Gencos because they can’t pay for them.
Executive Director, ANED, Sunday Oduntan, explained why Discos are rejecting a chunk of the electricity that should have found its way to you. He said, “In ANED, integrity matters to us. We are saying that you don’t bring the load to where I don’t need it and you cannot force me to take it where it is not useful for me. When you take it to some places where I cannot recover the money, you will still come back and say I am not paying to the market or remitting.
Meaning that the Discos can’t pay to take electricity to where there are no transformers or cables to transmit them to your house. To avoid this, they just turn back the electricity.
EKEDC optimistic about government’s N100bn power sector support fund-Guardian
EKEDC says the planned N100bn government support for the power sector will go a long way in bettering the fortunes of DisCos if released. The power firm, which identified illiquidity as a major challenge facing operators, maintained that there is the need the support funding as banks have refused to lend to the sector due to its high debt profile.
The company made its intentions known when the Senate Committee on Power, Steel Development and Metallurgy visited its headquarters on oversight function in Lagos.
The MD/CEO, EKEDC, Mr Adeoye Fadeyibi, said though the liquidity challenge was grave, the DisCo would continue to work towards delivering on its mandate, as discontinuing business was not an option.
The Chairman of the Senate Committee on Power, Steel Development and Metallurgy, Mr Enyinnaya Abaribe, also admitted that the country’s power sector was in a critical state, and needed serious intervention.