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Business News of Wednesday, 27 April 2022

Source: nairametrics.com

Nigeria’s electricity generation peaks at 4,342 megawatts

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Nigeria’s electricity generation peaked at 4,342 megawatts on Tuesday, 26th April 2022, increasing by 3.5% compared to the 4,193.8 megawatts recorded on the previous day. On the other hand, its off-peak generated declined by 9.5% to 3,190.3MW.

This is according to information from the Transmission Company of Nigeria (TCN).

Also, energy generation rose marginally by 0.1% to 93,758.65MWh on Tuesday, slightly higher than the 93,703.1MWh recorded during the previous day, while supply also increased by the same margin to 92,549.11MWh.

Nigeria’s electricity supply has been dwindling in recent weeks, following multiple disruptions of the national grid, causing wide blackouts across the country.

However, supply has been improving in the past two days but is still largely lower than the minimum of 105,000MWh energy generation required in other to record a relatively stable power supply.

Peak generation – 4,342MW (+3.5%)

Off-peak generation – 3,190.3MW (-9.5%)

Energy generated – 93,758.65MWh (+0.1%)

Energy sent out – 92,549.11MWh (+0.1%)

The highest frequency for the day was 51.22Hz, while the lowest frequency was 49.01Hz. Also, 98.71% of the total energy generated on Tuesday was sent out, the same as recorded in the previous day.

Meanwhile, Ikeja Electric Plc, in its efforts to accelerate the installation of meters under the MAP scheme, is offering willing customers the one-day metering initiative where they can complete their KYC and get metered in 24 hrs.

Also, Federal Competition and Consumer Protection Commission (FCCPC), has insisted that consumers should be billed according to the hours of electricity supplied with respect to the approved band classification and have the right to contest the tariff band classification they have been assigned.