150 MW was recorded as losses due to water management.“The power sector lost an estimated N1, 730,000,000 on January 14 2020 due to constraints from insufficient gas supply, distribution infrastructure and transmission infrastructure. Get the latest news and analysis of issues from Nigeria, Africa and around the world, direct into your inbox, daily The economy of any country thrives directly or indirectly on the availability of electricity in the country. But if we produce a lot of power, even at double the price of what we produce today, more factories are going to be able to produce goods in Nigeria. Whoever gets the power industry right will be a hero for generations to come. We can do it. That is the way it should work.And the tariff should be whatever we are able to negotiate amongst each other. The Nigerian power grid rose to 5,377 megawatts (MW) peak power generation on Saturday night, a feat attained 18 months after the previous record. Over the last few years, there have been several changes in the power sector and one of such is the increasing use of prepaid meters.With the use of prepaid meters has come a different method of billing and this method is based on 4 major things namely: location, tariff class, tariff rate and the quantity of consumed energy (in kWh)In terms of location, there are 11 different electricity distribution companies in Nigeria and they are located in various regions of the country. Other people have done it. NPA had late last year accused LADOL of economic sabotage and revoked…Operators in Nigeria’s export free zones have charged the newly appointed Managing Director of Nigeria Export Processing Zones Authority (NEPZA), a parastatal under the Federal Ministry of Trade and Investment, Professor Adesoji Adesugba to clean the rot at the agency.
In this interview with FEMI ADEKOYA, he talks about the recent EPC contracts on the NLNG Train 7 If this happens, we are going to have power work in Nigeria 24/7.This is the only way and people need to be educated to understand that the amount of money that you spend when you produce power by yourself, using your diesel, petrol generators, inverter, even your solar system that you install on the roof of your house, it’s so much more than what you can get from the national grid even if they raise the tariff you pay today.I will give you an example. They are called the DisCos and they includeYour electricity tariff is dependent on the DisCo that serves your area.In terms of tariff class, the amount of money you spend on electricity depends on your tariff class. The division is usually based on the average consumption of electricity by each class.Here is the tariff for each DisCo as well as the sub-class for the years 2017 and 2018. Electricity Tariffs in Nigeria. Do we have more power first before you are willing to pay more? But if they are paying the correct tariff, guess what? However, the tariff classes are divided into sub-classes.
If the value you are getting from Mr B is not sufficient, you go to Mr C, that’s how it works in other countries that we have tried to copy their systems. If you are a residential customer in Lagos for example, the high valued residents who consume a lot of power are charged about N29 per Kw/hour, that is the unit of power that they use.
If they are also not able to pay I should be able to put that power in the grid, sell it to Eko Disco, if they are going to pay, or Yola Disco or Ibadan, wherever it needs to go for them to pay me. It lacks the required liquidity to fund projects.