{"id":504,"date":"2023-07-08T15:31:12","date_gmt":"2023-07-08T15:31:12","guid":{"rendered":"https:\/\/servpay.ng\/blog\/?p=504"},"modified":"2023-07-08T15:33:34","modified_gmt":"2023-07-08T15:33:34","slug":"power-generation-in-nigeria","status":"publish","type":"post","link":"https:\/\/servpay.ng\/blog\/2023\/07\/08\/power-generation-in-nigeria\/","title":{"rendered":"Power Generation in Nigeria"},"content":{"rendered":"<div class=\"wp-block-post-date\"><time datetime=\"2023-07-08T15:31:12+00:00\">July 8, 2023<\/time><\/div>\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"761\" height=\"403\" src=\"https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/images-3.jpeg\" alt=\"\" class=\"wp-image-505\" srcset=\"https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/images-3.jpeg 761w, https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/images-3-300x159.jpeg 300w\" sizes=\"auto, (max-width: 761px) 100vw, 761px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Power sector in Nigeria boosts of about 14,541MW maximum capacity. The hydro power stations contribute about 1,976 MW (13.5%), renewable energy source Solar contributes about 1,080MW to the national grid (7.42%) and Gas\/Thermal plants contribute combined capacities of 11,485MW (78.98%).<\/p>\n\n\n\n<!--more Click here to Continue Reading -->\n\n\n\n<p class=\"wp-block-paragraph\">At the moment, the country power demand is estimated to be minimum of 25,000MW, however Nigeria currently has about 40% distribution capacity of its generation i.e less than 5,500MW even if the power stations worked at 100% capacity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In line with the existing policy reforms, Nigeria targets 40,000MW generating capacity by 2020 and will need to spend approximately $10bn per annum on the power sector for the next 10 years to achieve this.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DISCO Collection Efficiency <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to NERC 2022 quarterly report, collection efficiency of Discos improved to 73.33% efficiency. The total revenue collected by all DisCos in<br>2022\/Q4 was \u20a6243.65 billion out of \u20a6332.28 billion billed to customers which represents a +1.10 pp increase compared to 2022\/Q3 (72.23%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Relative to 2022\/Q3, the total billing and total collections increased: billing increased by \u20a640.62 billion (+13.93%) and collections increased by<br>\u20a632.98 billion (+15.65%). : In 2022\/Q4, out of a total invoice of \u20a6219.24.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"http:\/\/servpay.ng\">Servpay.ng<\/a><\/strong> provides a digital platform where electricity consumers in Nigeria can make electricity payments instantly. This solution increases accessibility. Click <strong><a href=\"https:\/\/servpay.ng\/portal?feature=electricity#service\" data-type=\"URL\" data-id=\"https:\/\/servpay.ng\/portal?feature=electricity#service\">here<\/a><\/strong> to get started.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>4th Quarter 2022 DISCO&nbsp; Invoices and Payments<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/Screenshot_20230708-150348_Office.jpg\" alt=\"\" class=\"wp-image-506\" width=\"332\" height=\"157\" srcset=\"https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/Screenshot_20230708-150348_Office.jpg 658w, https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/Screenshot_20230708-150348_Office-300x143.jpg 300w\" sizes=\"auto, (max-width: 332px) 100vw, 332px\" \/><figcaption class=\"wp-element-caption\"><em>Credit-NERC 2023<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">In 2022\/Q4, out of a total invoice of \u20a6219.24 billion issued to NBET by GenCos, NBET only invoiced \u20a6188.74 billion1to DisCos to accommodate the lack of cost-reflectiveness of tariffs for some.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The \u20a630.50 billion not invoiced to DisCos is classified as tariff shortfall, payable to NBET by the Federal<br>Government for direct payment to the GenCos.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/Screenshot_20230708-153503_Adobe-Acrobat.jpg\" alt=\"\" class=\"wp-image-508\" width=\"328\" height=\"76\" srcset=\"https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/Screenshot_20230708-153503_Adobe-Acrobat.jpg 595w, https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/Screenshot_20230708-153503_Adobe-Acrobat-300x70.jpg 300w\" sizes=\"auto, (max-width: 328px) 100vw, 328px\" \/><figcaption class=\"wp-element-caption\"><em>Credit- NBET 2023<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>January  2023&nbsp; DISCO&nbsp;Invoices and Payment <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As reported by NBET, Discos&#8217;&nbsp; expected&nbsp; overall&nbsp; payment&nbsp; performance&nbsp;(based&nbsp; on&nbsp; the&nbsp; Minimum&nbsp; Remittance&nbsp; Order&nbsp; by&nbsp;NERC)&nbsp; is&nbsp; 89.22%&nbsp; but&nbsp;overall&nbsp; DisCo&nbsp; payment&nbsp;performance&nbsp;achieved&nbsp; at&nbsp;the&nbsp;time&nbsp; of&nbsp;generating&nbsp; this&nbsp; report&nbsp; is&nbsp; 59.01%&nbsp; representing&nbsp; 66.14%&nbsp; of&nbsp; the&nbsp; MRO&nbsp; requirements. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With&nbsp; the&nbsp;implementation&nbsp; of&nbsp;NERC&#8217;s&nbsp; order&nbsp; on&nbsp;Regulatory&nbsp; Net\u2010Offs,&nbsp; only&nbsp; Yola&nbsp; DisCo&nbsp; satisfied&nbsp; the&nbsp; requirements&nbsp; of&nbsp; the&nbsp; Minimum&nbsp; Remittance&nbsp; Order.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Subsequent&nbsp;Payments&nbsp;are&nbsp; expected&nbsp; from&nbsp;DisCos&nbsp; with&nbsp; outstanding&nbsp;MRO&nbsp; payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2022 Last Quarter Power Generation Breakdown <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/Screenshot_20230708-153212_Office-1.jpg\" alt=\"\" class=\"wp-image-509\" width=\"332\" height=\"252\" srcset=\"https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/Screenshot_20230708-153212_Office-1.jpg 616w, https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/07\/Screenshot_20230708-153212_Office-1-300x227.jpg 300w\" sizes=\"auto, (max-width: 332px) 100vw, 332px\" \/><figcaption class=\"wp-element-caption\"><em>Credit- NBET 2023<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power sector in Nigeria boosts of about 14,541MW maximum capacity. The hydro power stations contribute about 1,976 MW (13.5%), renewable energy source Solar contributes about 1,080MW to the national grid (7.42%) and Gas\/Thermal plants contribute combined capacities of 11,485MW (78.98%).<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[147,28,145,146,95,27],"class_list":["post-504","post","type-post","status-publish","format-standard","hentry","category-electricity-and-renewable-energy","tag-capacity","tag-ekedc","tag-electricity","tag-generation","tag-ibedc","tag-ikedc"],"_links":{"self":[{"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/posts\/504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/comments?post=504"}],"version-history":[{"count":2,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/posts\/504\/revisions"}],"predecessor-version":[{"id":513,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/posts\/504\/revisions\/513"}],"wp:attachment":[{"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/media?parent=504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/categories?post=504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/tags?post=504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}