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The energy crisis, which has been fueling the collapse and exit of manufacturing companies in Nigeria and the cost of goods and services• New policy favours DisCos over GenCos, stakeholders insist• 700MW stranded power raises fear over job losses
This comes at a time when DisCos have begun mass disconnection of members of the Manufacturers Association of Nigeria , especially those in the South-South region, following ongoing loggerheads between MAN and NERC over the reversal of the over 300 per cent electricity tariff increase implemented earlier this year.
Commissioner and Vice Chairman of NERC, Musiliu Oseni, told journalists that the move followed a series of consultations, which called for the review of the policy. While some of the customers are fighting to guarantee supply, the Director General of MAN, Segun Ajayi-Kadir, has contested the need for NERC to reverse or suspend the implementation of electricity tariffs.
Factory output declined to N2.68 trillion in the second half of 2022 from N3.73 trillion recorded in the corresponding half of 2021. Convener and Executive Director of PowerUp Nigeria, a Power Consumer Advocacy Group, Adetayo Adegbemle said the new NERC appeared to be sympathetic to DisCos, stressing that there is a need to reverse the review of the Eligible Customers Policy.
Adeyeye said NERC must consider lowering the minimum energy requirement to 2MW across all categories of entities, adding that aligning with such a minimum requirement would ensure the efficient and productive operationalization of the regulations. Idowu said: “I am of the view that enabling large organizations, particularly the manufacturing companies, to purchase electricity directly from the power generation companies will help to reduce energy costs and certainly boost competitiveness,”Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
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