The Nigerian Electricity Regulatory Commission (NERC) has disclosed that Nigerians should expect improved power supply from July 1, 2022. This was made known on Wednesday by NERC Chairman, Sanusi Garba at an interactive session with journalists after the 2nd Nigerian Electricity Supply Industry (NESI) meeting in Lagos State.
The meeting was attended by top officials of NERC, Transmission Company of Nigeria (TCN), electricity Generation Companies (Gencos), and Distribution Companies (DisCos).
According to him, the recent collapse of the national grid was caused by inadequate gas supply, vandalism of power infrastructure, and gas pipelines.
He said, “Yes, we have had discussions with gas suppliers within our regulatory space. We have them on board to ensure that once we made the commercial requirement, gas was going to flow.
“Now, for transmission, we have heard of figures well in excess of 5,000MW and clearly TCN will be able to deliver that”.
Garba further said, “So, in a situation where Gencos are able to deliver 5,000MW but TCN is unable to do so, they will pay the penalty to the Gencos and so on. And whenever the power is available and DisCos do not take the power; then they will pay liquidated damages that will compensate other market participants.
“We might not have 24/7 power supply from July 1 but Nigerians will see the trajectory because the target is to have an average of 5,000 MW daily for transmission and distribution”.
Garba also applauded the Federal Government (FG) and the Central Bank of Nigeria (CBN) for their interventions in the power sector.