Some areas in Nigeria might encounter power outage after the Federal Government announced that some power companies have been from the national grid.
Dr Edmund Eje of the Market Operator, a unit of the Federal Government’s Transmission Company of Nigeria, made this disclosure in recent a statement issued in Abuja.
According to Eje, these power companies have repeatedly refused to comply with the Electricity Market Rules.
The government stated further that the Nigerian electricity supply industry was governed by rules, which were critically needed for the viability and sustainability of the sector, but it did not reveal the affected power facilities.
The Federal Government said these regulations were inviolate and that any new or existing player in the industry must abide by them.
According to the government, the rules must be strictly followed and upheld such that every participant will properly interact and establish the harmony needed for the growth, efficiency, and profitability of the sector.
Eje said: “Some of these rules are domiciled with the Market Operator, but today, adherence to the Market Rule is below expectation.
“NESI market indiscipline is one of the major factors dealing a disastrous blow to the scalability and growth of the market.
“Market Participation Agreement is signed by all participants, but to comply with them is usually an uphill task for many. If the rules of every game are observed, there would be no need for sanctions.
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