Power Generation Plummets to 2,775 Megawatts Amid New Electricity Tariff Controversy



Thank you for reading this post, don't forget to subscribe!

Electricity generation in Nigeria plummeted to 2,775 megawatts (MW) yesterday, marking a significant 32.3% decline from the 4,099.87MW recorded just last week, according to data released by the Nigeria Electricity System Operator (NESO), a semi-autonomous unit of the Transmission Company of Nigeria (TCN).

Despite recent billing adjustments for Band A power consumers, findings by Vanguard indicate persistent challenges in the power value chain, including inadequate gas supply to thermal stations and poor transmission line conditions. This has resulted in generation averaging 4,200 megawatts since the beginning of the year.

Information from the Independent System Operator (ISO) revealed that as of 6 pm yesterday, load allocation to the eleven Distribution Companies (DisCos) totaled 2,775.00 Megawatts. Notably, Abuja Disco received the highest allocation at 428MW, followed by Ikeja Electric at 422MW, Eko Disco at 359MW, Ibadan Disco at 335MW, Benin Disco at 227MW, and Enugu Disco at 200MW.

Conversely, the distribution companies with the lowest allocations were Yola Disco at 79MW, Jos Disco at 158MW, Kaduna Disco at 181MW, Kano Disco at 188MW, and Port Harcourt Disco at 198MW.

The shortfall in generation has necessitated load shedding by Discos, who are struggling to distribute limited electricity to consumers across the nation. Some Discos have taken to social media to communicate with customers about service interruptions. For instance, Ibadan Disco issued a public announcement titled “List of Band A Feeders with Unmet Hours of Service (11th April 2024),” apologizing for the inability to meet estimated supply hours due to earth faults on the 33kV lines and reaffirming their commitment to improving service delivery.

Discover more from Naija247news

Subscribe to get the latest posts to your email.

OyinyeChukwu Paula
OyinyeChukwu Paulahttp://Vetiva%20Research
OyinyeChukwu Paula Position: Business Journalist, Naija247news OyinyeChukwu Paula is an accomplished business journalist contributing her expertise to Naija247news, one of Nigeria's leading news platforms. With a keen interest in economic affairs, financial markets, and corporate developments, Paula brings a wealth of knowledge to her reporting, delivering insightful analyses on the dynamic business landscape in Nigeria and beyond. Education: Paula holds a degree in Journalism from [Abia State University], where she honed her skills in investigative reporting and business journalism. Her academic background laid the foundation for her commitment to delivering accurate and timely news with a business-focused perspective. Professional Experience: Having amassed experience in the field, Paula's journalistic journey has been marked by a dedication to uncovering stories that impact the business community. Her work spans interviews with key industry figures, coverage of market trends, and in-depth analyses of economic policies. Areas of Expertise: Financial Markets: Paula provides comprehensive coverage of financial markets, offering insights into stock movements, currency fluctuations, and economic indicators. Corporate Affairs: With a focus on corporate activities, Paula delves into mergers and acquisitions, financial reports, and the strategies employed by leading companies. Economic Policy: Keeping a watchful eye on government policies, Paula explores their implications on businesses and the broader economy, providing readers with a nuanced understanding of economic developments. Contributions to Naija247news: Paula's bylines at Naija247news reflect her commitment to delivering quality journalism. Whether unraveling complex financial narratives or simplifying intricate economic concepts, she ensures that her audience is well-informed and empowered. Passion for Business Journalism: Beyond the newsroom, Paula is known for her passion for business journalism's role in fostering transparency and accountability. She believes in the power of information to drive positive change and economic growth. In a media landscape marked by rapid changes, OyinyeChukwu Paula stands out as a dedicated business journalist who continues to shape the discourse on economic matters, contributing significantly to Naija247news's mission of delivering credible and impactful news.

Share post:



More like this

Oworonshoki-Apapa Expressway: Tinubu commends Dangote, describes project 10th Wonder of the World

…We consider this project CSR - Dangote President Bola Ahmed...

Global Commodity Prices: Mixed Movements Recorded as of 3:30 PM GMT+1, Friday, May 24, 2024

As markets closed for the week, global commodity prices...

U.S.-Dollar Exchange Rates as of 4:30 PM GMT+1, Friday, May 24, 2024

**U.S.-Dollar Exchange Rates as of 4:30 PM GMT+1, Friday,...

FGN Eurobonds Maintain Above 8% Yields And Weekly Stock Recommendations

**Weekly Stock Recommendations and FGN Eurobonds Performance Highlights** As of...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading