Records from the Market Operator (MO), a section of the Transmission Company of Nigeria (TCN), have shown that the Electricity Distribution Companies (DisCos) owe N8.892 billion for electricity supply services after the supply for February 2018, Daily Trust reports.
The payment update records for Service Providers charges in the Nigerian Electricity Market (NEM) indicate the Generation Companies (GenCos) delivered 2,179 megawatts per hour (mw/h) of electricity to the 11 DisCos in February and billed them N9.423bn.
The MO said it got N3.444bn from the DisCos and remitted same to the Service Providers, which include the System Operator (SO), MO – both of TCN, and the Nigerian Electricity Regulatory Commission (NERC).
There was N5.979bn as shortfall for February that was not paid for. The MO also recorded another N2.913bn as the accrued interest on the DisCos outstanding balance. The combined debt for the month for service providers’ charges was pegged at N8.89bn.
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