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The Nigerian Electricity Regulatory Commission said it has communicated the need for the Federal Government to intervene over the longstanding trend of non-payment and debts by international customers, and others to the power sector.This was contained in the 2023 fourth-quarter report, the latest, obtained by Channels Television.
This puts total debt by the DisCos and international customers at ₦97.5bn for the period under review.A breakdown of the explanation of the debt by the DisCos, showed that in 2023/Q4, the cumulative upstream invoice payable by DisCos was approximately ₦270bn, consisting of ₦223bn for generation costs from the Nigerian Bulk Electricity Trading company, and about ₦47bn for transmission and administrative services by the MO.
The report further detailed that none of the four international customers being supplied by GenCos in the Nigerian Electricity Supply Industry , made payment against the cumulative invoice of $12.02m issued by the MO for services rendered in 2023/Q4.The report, however, noted that some international customers made payments during 2023/Q4 for outstanding MO invoices from previous quarters.
The special customer did not also make any payment towards the ₦0.72bn and ₦0.07bn invoices received in 2023/Q4.“This continues a longstanding trend of non-payment by this customer and the Commission has communicated the need for intervention on this issue to the relevant FGN ministries,” NERC added.
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