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2 clusters · 5 sources · 3 days · First seen · Last updated

Nigeria power sector stabilization efforts

Overview

The Nigerian Independent System Operator (NISO) is working to stabilize the national electricity market and address liquidity challenges through expanded partnerships and operational reforms. NISO has entered into agreements with the Nigerian Bulk Electricity Trading Plc (NBET) to improve market settlement and revenue coordination, aiming to attract investment in line with the Electricity Act 2023.

NISO is also providing support to regional entities, such as the Gombe State Electricity Regulatory Commission, to develop business models for increased electricity access. To ensure grid stability, NISO leadership has called for increased operational discipline and adherence to technical standards to manage issues like frequency excursions and generation constraints. Amid these efforts, the Kano Electricity Distribution Company (Kano DisCo) was recognized for achieving a 100% market remittance rate, serving as a model for financial transparency within the sector.

Entities

Nigerian Independent System Operator · Nigerian Bulk Electricity Trading Plc · Abdu Bello Mohammed · Gombe State Electricity Regulatory Commission · Nigerian Electricity Supply Industry

Timeline

  1. 23 days ago

    [BUSINESS] 2 sources
    Nigerian Independent System Operator pushes for grid stability and honors Kano DisCo

    NISO is urging Nigerian electricity stakeholders to improve grid stability through better planning, while also commending Kano DisCo for reaching a 100% market remittance milestone.

  2. 25 days ago

    [BUSINESS] 3 sources
    NISO expands partnerships to stabilize Nigeria's power sector

    Nigeria's Independent System Operator (NISO) is partnering with NBET and Gombe State regulators to tackle liquidity issues and expand electricity supply through improved market frameworks.

Sources

blueprint.ng · persecondnews.com · theinfostride.com · thewhistler.ng · thisdaylive.com