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Business Is Nigeria Really Ready for Transitional Electrical Market?


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Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi recently said all left for the kick off of the much awaited Transitional Electricity Market (TEM) is just the permission of the Minister of Power, Prof. Chinedu Nebo.

One would think, with all the trouble plaguing the industry, including inadequate supply of gas to the electricity plants which may generate avoidable disputes- is Nigeria really ready to declare commencement of Transitional Electrical Market?

ThisDay has more to say:

Excerpt:

In theory, the country’s electricity market seems to be ready for the declaration of TEM but practically, TEM will create confusion and disputes that will worsen the power situation in the country.

If declared under this present market conditions, TEM will create similar problems experienced in the privatisation process, which was implemented based on wrong indices that were theoretically correct but impracticable.

For instance, all the indices and projections on gas supply for which the privatisation process was based could not be realised, thus leading to the inability of the new investors to realise their revenue targets and other deliverables that would boost power supply.

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#Nigeria #ThisDay #TEM

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