The Nigerian Electricity Regulatory Commission, NERC says the Benin, Niger Republic and Togo made no payment for the electricity supplied to them from Nigeria in the second quarter of 2021.
NERC in its just released Second Quarter Report 2021, stated that the power firms of the three nations and some other special customers were issued a total bill of 770 million naira by the Nigerian Bulk Electricity Trading company and the Market Operator of the Transmission Company of Nigeria.
The power sector regulator, while commenting on the performance of distribution companies in Nigeria with respect to the payment of electricity sold to them by the Nigerian Bulk Electricity Trading, NBET said the firms did not pay up all their bills.
During the second quarter of 2021, a total invoice of 259.7 billion naira was issued to the eleven Discos for energy received from the Nigerian Bulk Electricity Trading Plc and for service charge by MO, out of which a sum of 130.11 billion naira was settled, representing remittance performance of 50.11 per cent.
