Power Sector News And Other Related Stories For Tuesday 9th August 2022

Posted by News Room August 9, 2022
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Electricity Revenue Collection Grows by 5.98% – NBS

The National Bureau of Statistics (NBS) has said that the total electricity billed in 2021 grew by 5.98% from 22,042.28 (Gwh) in 2020 to 23,360.59 (Gwh) in 2021.

In 2021, total revenue collected stood at N761.17 billion, an increase of 44.50% compared to N526.77 billion in 2020. Moreover, the total number of customers recorded in 2021 was 10.51 million, higher than 10.37 million in 2020.

Also, the number of metered customers rose by 36.18% from 3.51 million in 2020 to 4.77 million in 2021, while estimated billing customers decreased by 16.32% from 6.86 million in 2020 to 5.74 million in 2021.

NBS further noted that the aggregate production of mineral products in Nigeria in 2021 grew by 39.19% from 64.29 million tons recorded in 2020 to 89.48 million tons in 2021, indicating an improvement in production. On state profile analysis, Ogun State recorded the highest production in 2021 with 32.04 million tons, followed by Kogi with 18.40 million tons and Cross River with 11.64 million tons. The least was recorded in Borno with 231 tons. Moreover, limestone, granite, and laterite were the three biggest minerals mined in 2021.

https://www.sunnewsonline.com/electricity-revenue-collection-grows-by-5-98-nbs/

 

NBS Confirms Electricity Customers Surge in 2021

The National Bureau of Statistics (NBS), says the number of Electricity Distribution Companies (DisCos) customers in Nigeria increased from 10.37 million in 2020 to 10.51 million in 2021.

This is according to the NBS Nigeria Electricity Report 2021 released in Abuja on Monday.

The report focuses on energy billed, revenue generated and customers by DISCOS under the reviewed period.

The report said the number of metered customers rose by 36.18 per cent from 3.51 million in 2020 to 4.77 million in 2021.

It, however, said estimated billing customers decreased by 16.32 per cent from 6.86 million in 2020 to 5.74 million in 2021.

The report showed that in total, electricity billed in 2021 grew by 5.98 per cent from 22,042.28 (Gwh) in 2020 to 23,360.59 (Gwh) in 2021.

The report also shows that in 2021, total revenue collected by DISCOs stood at N761.17 billion, an increase of 44.50 per cent compared to N526.77 billion in 2020.

https://theeagleonline.com.ng/nbs-confirms-electricity-customers-surge-in-2021/

 

Electricity Customers Increase to 10.51m in 2021

The National Bureau of Statistics (NBS), says the number of Electricity Distribution Companies (DisCos) customers in Nigeria increased from 10.37 million in 2020 to 10.51 million in 2021.

This is according to the NBS Nigeria Electricity Report 2021 released in Abuja on Monday.

The report focuses on energy billed, revenue generated and customers by DISCOS under the reviewed period.

The report said the number of metered customers rose by 36.18 per cent from 3.51 million in 2020 to 4.77 million in 2021.

It, however, said estimated billing customers decreased by 16.32 per cent from 6.86 million in 2020 to 5.74 million in 2021.

The report showed that in total, electricity billed in 2021 grew by 5.98 per cent from 22,042.28 (Gwh) in 2020 to 23,360.59 (Gwh) in 2021.

The report also shows that in 2021, total revenue collected by DISCOs stood at N761.17 billion, an increase of 44.50 per cent compared to N526.77 billion in 2020.

https://www.nannews.ng/2022/08/08/electricity-customers-increase-to-10-51m-in-2021/

 

How FG Injected N247bn Subsidy to Salvage Low Electricity Generation

The federal government, in 2021, coughed out N247 billion to the power sector as an intervention fund to mitigate the endless liquidity crisis affecting the industry and keep electricity generation and supply going, records have shown.

This intervention, known as the Payment Assurance Facility (PAF), was issued by the Nigerian Bulk Electricity Trading Plc (NBET) to augment payment from the Distribution Companies (DisCos) to about 23 Generation Companies (GenCos) for 12 months.

According to the Daily Trust analysis of 16 months of power generation invoices and payment data obtained from NBET, from January 2022, there was no further subsidy to the GenCos’ payments.

Our observations of the energy trend since January shows that power generation plunged below average.

https://dailytrust.com/how-fg-injected-n247bn-subsidy-to-salvage-low-electricity-generation

 

Ikeja Electric Trains 140 Graduates to Boost Metering Efforts

Ikeja Electricity Distribution Company (Ikeja DisCo) has concluded a training programme for graduates to accelerate its metering strategy. Folake Soetan, the Chief Executive Officer of Ikeja Electric, said during the presentation of certificates to the graduates that the Ikeja Electric Metering Academy was established in 2020 as a result of a lack of workers with the necessary skills to install meters, which caused a slow rate of metering throughout its network.

The National Power Program Institute of Nigeria (NAPTIN) and the Energy Training Center collaborated on the training, according to the CEO, who was represented by Chief Financial Officer (CFO), Ikeja Electric, Ms Seqinah Akinwunmi.

According to her, the young graduands were selected across Ikeja Electric’s six Business Units which included; Akowonjo, Shomolu, Abule-Egba, Ikeja, Oshodi and Ikorodu.

“The programme will also equip staff to carry out the functions including meter installation, identifying faults and also rectifying the faults. This will improve service delivery, ensure customer satisfaction, and grow revenue,” Ms Akinwunmi stated.

https://theelectricityhub.com/ikeja-electric-trains-140-graduates-to-boost-metering-efforts/

 

TCN Workers Condem Creation of Illegal Unit

The Transmission Company of Nigeria (TCN) staff have expressed concern over an alleged company plan to establish the office of the Executive Director Project in violation of its organizational structure. The workers announced their decision in a petition sent to Engineer Abubakar Aliyu, Minister of Power.

They claimed that there are only four known executive directors in the company—Transmission Service Provider, Independent Service Operator, Finance and Account, and Human Resource and Capacity Building—in the petition.

The workers alleged the move by the General Manager, Project Coordination, Engineer Joseph Ciroma Almajiri, to buy his way to create the Executive Director; Project is un­ethical and grossly infringed on the Electric Power Reform Act 2005.

The workers said that it violates the Federal Character Principle because Engineer Almajiri and the current Executive Director, Re­source and Capacity Building, Mr Justin Ishaya Dodo, are from Kaduna.

https://theelectricityhub.com/tcn-workers-condems-creation-of-illegal-unit/

 

FG Inaugurates Africa’s First Metre Museum in Lagos

The Federal Government through the Nigerian Electricity Management Services Agency (NEMSA) on Friday, inaugurated a Metre Generation Museum/Gallery at the National Metre Test Station, Oshodi, Lagos State.

Honourable Minister of State, Power, Goddy Jedy-Agba, OFR, who performed the inauguration ceremony said that the Museum/Gallery is designed to showcase the evolution path of electricity Metre in Nigeria from a simple electromechanical electricity metre to Advanced Metre Reading (AMR) and Advanced Metre Infrastructure (AMI).

Considered the first of its kind in Africa, Jedy-Agba noted that the project is aimed at educating Nigerians on how electricity meters used to be during the pre-independence era, the several evolution steps as a result of technological advancement, where it is now and a perception of what it’s expected in the future.

https://theparadise.ng/fg-inaugurates-africas-first-metre-museum-in-lagos/

 

President Buhari Approves $1.3bn Exxon Asset Sale to Seplat Energy

The President of the Federal Republic of Nigeria, Muhammadu Buhari, has approved the acquisition of Exxon Mobil’s $1.3bn shallow water assets by Seplat Energy.

President Buhari, who also serves as oil minister, affirmed his agreement to the deal, first announced in February, due to the “extensive benefits” it will bring to Nigeria’s energy sector and the larger economy.

The acquisition will give Seplat an additional 95K boe/year of production from the shallow water permits that Exxon (XOM) operates in a joint venture with Nigeria’s national oil company; for Exxon, the sale marks its exit from onshore and shallow water activities in Nigeria.

https://theelectricityhub.com/president-buhari-approves-1-3bn-exxon-asset-sale-to-seplat-energy/

 

Eskom Proposes Big Changes for Electricity Tariffs in South Africa — Including R938 Fee for Using 0kwh

Eskom has submitted a tariff restructuring application to the National Energy Regulator of South Africa, proposing sweeping changes to the calculations used to determine its approved electricity prices.

This comes after the utility conducted an updated cost-of-supply (CTS) study, which showed that the current approach, in place since 2012, was not resulting in cost-reflective revenue collection.

Eskom advanced three primary reasons why an overhaul of the current tariff structure was necessary.

“Firstly, the different tariff rates no longer reflect the different services being provided — that is, they are not aligned with energy, network and retail costs — because of the application of average price increases,” Eskom said.

In addition, the imminent unbundling of Eskom divisions required that the charges were more reflective of the costs per division.

https://mybroadband.co.za/news/energy/455867-eskom-proposes-big-changes-for-electricity-tariffs-in-south-africa-including-r938-fee-for-using-0kwh.html

 

 

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