The Federal Government, on Tuesday, declared that it had commenced the disconnection of some power firms from the national grid as a result of their non-adherence to the Electricity Market Rules.
Although it did not name the affected power plants, the government explained that the Nigeria Electricity Supply Industry was governed by rules, which were absolutely necessary for the viability and sustainability of the sector.
These rules, according to the Federal Government, were sacrosanct and must be complied with by all existing or new players in the sector. Power sector players include the electricity generation, transmission, and distribution companies.
For all players to interact effectively and create the requisite harmony for growth, efficiency and profitability of the sector, the rules must be obeyed and upheld, according to the government. “Some of these rules are domiciled with the Market Operator, but today, adherence to the Market Rule is below expectation,” the Market Operator, an arm of the Federal Government’s Transmission Company of Nigeria, Dr Edmund Eje, said in a statement issued in Abuja.
He added, “NESI market indiscipline is one of the major factors dealing a disastrous blow to the scalability and growth of the market.”- PUNCH
