news
Property

Power Grid Attains 4,932MW, DisCos Gets Energy Worth N2.5bn

The national electricity grid recorded a peak generation of 4,932 megawatts (MW) on Monday with the 11 distribution companies (DisCos) receiving 102,218 megawatts hour (MWH) energy worth at least N2.484 billion to supply to over six million customers. The highest peak power generation this year remains at 5,104MW recorded on January 10, data from the Federal Ministry of Power, Works and Housing and the Transmission Company of Nigeria (TCN) show. While peak generation on Monday was 4,932MW, the lowest was 3,735MW obtained from 24 generation companies (GenCos). The 11 DisCos got 102,218 megawatt hour (MWH) energy for onward dispatch to households and industries. A Pioneer Property analysis shows that with that quantum of power distributed and adequate revenue collected, the Nigerian Electricity Market (NEM) should generate at least N2.484 billion for that day based on a flat rate. This was computed using the N24.30 tariff for residential customers (R2) of Abuja DisCo per kilowatt hour (KWH). Supplying one MWH of electricity will earn a DisCo N24,300. Further analysis shows that retaining that tariff for the 102,218MWH supplied, the market would amount to the N2.5 billion. While the rise in electricity generation seems to be a plus, Pioneer Property reports that the constraints of low energy demand load rejection by DisCos and water issues at the Shiroro hydro GenCo caused the estimated loss of 941MW on the day under review. The rejection of 791MW by the DisCos affected the capacity of seven GenCos. According to their distribution order, Afam VI in Rivers State was the biggest loser with 350MW as it shut down because there was no order to dispatch it to the DisCos. Moreso, Geregu NIPP in Kogi State lost 145MW due to similar load rejection, and Okpai in Delta State could not generate 93MW as the DisCos would not take it. Jebba hydropower GenCo in Niger State lost 90MW as it shut down a turbine due to low power demand from DisCos; Azura in Edo State lost 50MW, Omotosho Gas in Ondo lost 38MW and Geregu Gas in Kogi lost 25MW. Low water level at Shiroro Hydropower GenCo in Niger State triggered the loss of 150MW last Monday. Power consumers this week have raised concerns over poor power supply, even as the records show that Nigeria had 941MW that could have been supplied to such customers if the DisCos had demanded for the energy quantum.

You can share this post!

Related Posts

0 Comments

    No Comment Posted

Leave Comments