DisCos Frustrating NERC’s Regulatory Duties – Fashola

fashola (3)

The Minister of Power, Works and Housing, Mr. Babatunde Fashola has alleged that the 11 electricity distribution companies (Discos) have become stumbling blocks to the smooth regulation of the power sector by the Nigerian Electricity Regulatory Commission (NERC).

He also said the Discos were largely responsible for the delay in the settlement of debts owed them by federal government agencies that consumed electricity without paying. Speaking recently when he inaugurated a transmission line built under the National Integrated Power Projects (NIPP) by the Niger Delta Power Holding Company (NDPHC) in Akwa Ibom State, the minister said that there were instances where the Discos have by their actions impinged on NERC’s regulatory responsibilities.

He specifically noted that the Discos have irrespective of their excuses, failed to tell Nigerians that they have mostly refused to submit their annual statement of accounts to the NERC as required by the reform law, as well as frustrated attempts by NERC to activate their pacts in the Transitional Electricity Market (TEM) which should bind them to objective service delivery. Both occasions, Fashola added, have impacted on the progress of the sector.

Source: Energy Mix

(Visited 269 times, 269 visits today)

Top
Powered by Nextier