News

Blackout Looms As 14 Power Plants Cripple Supply

Published

3 years ago

Mar 9, 2022.

Power generating profile in the last two months showed that 14 gas stations were either not generating at all or had limited generation at various times within the period
This is coming at a time consumers are expected to pay more for electricity under the Service Based Tariff (SBT)

EKO HOT BLOG reports that the Transmission Company of Nigeria (TCN) has admitted that the country’s power supply has nosedived with challenges at over 14 generation plants keeping output at record low.

According to the agency, power generating profile in the last two months showed that 14 gas stations were either not generating at all or had limited generation at various times within the period.

Spokesperson for TCN, Ndidi Mba, said the development further depleted the quantum of power generation available for transmission into the grid on daily basis.

This is coming at a time consumers are expected to pay more for electricity under the Service Based Tariff (SBT). The SBT was introduced on the ground that power will improve. Instead, the situation went from bad to worse.

According to reports, in what most industry players and consumer right groups already described as ‘payment for darkness’, Nigerians, in the past eight years, spent about ₦5.7 trillion on electricity as supply averages 4,000 megawatts, about the same level it was eight years ago.

Similarly, statistics from Nigerian Bulk Electricity Trading (NBET) Plc showed that an average of ₦720 billion worth of electricity bill is processed yearly in the country, bringing the cost to about ₦5.7 trillion in the last eight years.

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