Some stakeholders of the Electricity Distribution Companies (DisCos) yesterday raised the alarm over the dip in the spinning reserve in the electricity market to 9.8 mega watts (Mw).
Spinning Reserve is the difference between the total generated energy and what electricity system operator sends out to the DisCos.
But the “reserve which is supposed to be a sort of storage that the market should have a recourse to when the grid breaks down or there is any emergency is fast depleting to nothing,” an industry stakeholder said yesterday.
He added that the spinning reserve serves to keep the grid stable.
The reduction, according to a source from one of the power generation companies (GenCos), was due to attacks on the nation’s gas pipelines.
The Nigerian Electricity Supply Industry (NESI) said on its website that “on May 29, average energy sent out was 1978Mwh/hour (down by 482Mwh/h). The reported gas constraint was 3,481Mw. The reported line constraint was 97Mw. The water management constraint was 380Mw. The power sector lost the estimated equivalent of N1, 900, 000, 000 on May 29 due to constraints.”