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Discos force majeure notice not in best interest of power sector – Gencos

Discos Force Majeure Notice Not In Best Interest Of Power Sector – Gencos

The force majeure Declaration notice by the Distribution Companies (Discos) over the eligible customer regulation has prompted a response from Generation Companies (Gencos) under the aegis of the Association of Power Generation Companies (APGC), who have said the refusal by the Discos to accept the eligible customer regulation was not in the best interest of the power sector, The Punch reports.

The Executive Secretary, APGC, Joy Ogaji, said that the declaration of eligible customers was the first among many steps that needed to be taken if the nascent privatisation in the power sector would succeed. “The load rejection phenomenon by the Discos has remained a major bottleneck in the operations of the Gencos and seriously threatens the survival of the Nigerian power sector,” Ogaji added.

On arguments by the Discos that the eligible customer declaration is premature and that the market is not ripe for it, she noted that the EPSR Act did not portend that the market should first be competitive, rather the declaration was intended to initiate or commence a competitive market. “The declaration of eligible customer is a brilliant way to liberate the electricity sector from the current monopoly,” Ogaji noted.

The post Discos force majeure notice not in best interest of power sector – Gencos appeared first on Energy News | Oil and Gas News.



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Discos force majeure notice not in best interest of power sector – Gencos

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