By Obas Esiedesa
The Nigerian Bulk Electricity Trading Plc on Thursday disclosed that electricity market remittance for the month of June was N26.811 billion with EKO Electricity Distribution Company, EKEDC, as highest with 93.4 per cent of its Minimum Requirement Order, MRO.
The NBET implements the Minimum Remittance Order issued by the Nigerian Electricity Regulatory Commission, NERC, to all DisCos, which sets the minimum percentage payment each DisCo is to remit to NBET monthly.
The company said it would continue to deploy strategies and initiatives to enhance the market liquidity in the sector through improving payments to the generation companies, this further supported by its power sector reform program and the market discipline committee.
NBET had in 2016 conceptualize and began the implementation of its N701.9 billion Payment Assurance Facility (PAF), when generation capacity was greatly threatened due to shortage of gas and the inability of some power…
Source: Vanguard Newspaper