INTERNATIONAL customers – Niger, Benin, and Togo – who purchase power from Nigeria remitted a total of N2.04billion in the first quartre of this year as their outstanding electricity bill to the Market Operator of the sector in Nigeria.
But special customers, Ajaokuta Steel Co. Ltd and its environs, did not make any payment in respect of the N0.27billion and N0.05billion invoices issued them by the Nigerian Bulk Electricity Trading Plc and the MO respectively, during the period of review.
The Nigerian Electricity Regulatory Commission disclosed this in its report for the first quartre of 2020.
It said a total of N4.05billion ($13.22million) invoices were issued by the MO to international customers including Societe Nigerienne d’electricite or NIGELEC; Societe Beninoise d’Energie Electrique or SBEE; and Compagnie Energie Electrique du Togo or CEET.
The commission stated that during the quarter, NIGELEC made a payment of ₦1.61billion ($5.27million) as part of its outstanding bills for the energy received from NBET and services rendered by the MO.
Similarly, SBEE paid ₦0.43billion ($1.39million) in respect of services received from MO. But power distributors failed to remit N119.88billion to the sector in the first quarter of the year.
Whereas Discos were expected to make a market remittance of 46.09 per cent during 2020/Q1, only 32.53 per cent settlement rate was achieved within the timeframe provided for market settlement in the Market Rules.