Highlights
…NERC said, the average hourly generation on the grid in 2024/Q3 was 4,280.24MWh/h, which translates to a total generation of 9,450.76GWh.
…The energy offtake during the quarter (3,445.1MWh/h) represents an increase of +8.81% (+279.20MWh/h)
…The six international bilateral customers purchasing power from the grid connected GenCos made a cumulative payment of $6.49 million
…total revenue collected by all DisCos in 2024/Q3 was N466.69 billion
FRI DEC 20 2024-theGBJournal| New report by the Nigerian Electricity Regulatory Commission (NERC) says the average available generation capacity of the country’s 28 grid-connected power plants rose by +16.04% (+705.13MW) from the 4,395.77MW recorded in 2024/Q2 to 5,100.90MW in 2024/Q3.
The 28 grid-connected power plants consists of nineteen gas plants, five hydro plants, two steam plants, and two gas/steam-powered plants.
The figures are reflected in the Operational Performance section of the quarterly report titled ”Electricity on Demand”.
NERC said, the average hourly generation on the grid in 2024/Q3 was 4,280.24MWh/h, which translates to a total generation of 9,450.76GWh.
The average hourly generation of grid connected power plants increased by +6.51% (+261.67MWh/h) from 4,018.57MWh/h in 2024/Q2.
The total electricity generated in the quarter also increased by +7.68% (n674.21GWh) from 8,776.55GWh in 2024/Q2 to 9,450.76GWh.
NERC attributed the increase in generation during the quarter to the increase in the available generation capacities of the grid-connected power plants compared to 2024/Q2.
According to the report, the average lower daily (49.56Hz) and average upper daily (50.75Hz) system frequencies in the quarter under review were outside the normal operating limits (49.75Hz – 50.25Hz) but remained within the lower and higher bound stress limits (48.75Hz – 51.25Hz).
It notes that the average lower daily (299.64kV) and average upper daily (352.68kV) system voltages were however outside the limits prescribed in the grid code (313.50kV – 346.50kV).
The Commission said it continues to push the SO to improve its system coordination activities to avert the system risk posed by the continuous operation of the grid outside the normal operating limits.
Meanwhile, the average energy offtake of the electricity distribution companies (DisCos) at their trading point in 2024/Q3, was 3,445.13MWh/h out of the available PCC of 3,807.98MWh/h translating to an overall offtake performance of 90.47%.
The energy offtake during the quarter (3,445.1MWh/h) represents an increase of +8.81% (+279.20MWh/h) compared to the 3,165.93MWh/h recorded in 2024/Q2.
Similarly, the total revenue collected by all DisCos in 2024/Q3 was N466.69 billion out of N626.02 billion billed to customers.
This translates to a collection efficiency of 74.55%, representing a decrease of -4.76pp compared to 2024/Q2 (79.31%).
The report says in 2024/Q3, the cumulative upstream invoice payable by DisCos was N441.67 billion, consisting of N382.90 billion for DRO-adjusted generation costs from NBET3 and N58.77 billion for transmission and administrative services by the Market Operator (MO).
Out of this amount, the DisCos collectively remitted a total sum of N370.01 billion (N324.83 billion for NBET and N45.18 billion for MO) with an outstanding balance of N71.66 billion.
This translates to a remittance performance of 83.77% in 2024/Q3 compared to the 79.76% recorded in 2024/Q2.
The six international bilateral customers purchasing power from the grid connected GenCos made a cumulative payment of $6.49 million against the $12.19 million invoice issued to them by the MO for services rendered in 2024/Q3.
Similarly, the domestic bilateral customers made a cumulative payment of N1,566.51 million against the N2,100.79 million invoice issued to them by the MO for services rendered in 2024/Q34.
NERC said, the average hourly generation on the grid in 2024/Q3 was 4,280.24MWh/h, which translates to a total generation of 9,450.76GWh.
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