The Nigerian Electricity Regulatory Commission , has said that the Nigerian Electricity Supply Industry , is still in its “infancy”, hence, close monitoring and supervision must be improved, to ensure compliance with the grid code, market rules, and other relevant industry standards.The Commission disclosed this is the ‘Final Report On Operations and Technical Audit of Market and System Operations of TCN’ report obtained by Channels Television on Tuesday.
“It is very difficult to call the arrangement we have today as an economically driven market, as it is not efficient, and prices are not determined on the dynamic behaviour of the network, competitive pricing and consideration of the other operating parameters like congestion,” the report stated. The Commission said the installed capacity is not utilised due to: Transmission and distribution bottlenecks, frequency management coupled with DisCos low demand, and transmission lines congestion.
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