THE CABLE
The Nigerian Electricity Regulatory Commission (NERC) says international customers owe $5.7 million for electricity supply in the third quarter (Q3) of 2024.
The international customers are Paras-SBEE and Transcorp-SBEE both from the Benin Republic; Mainstream-NIGELEC from Niger; and Odukpani-CEET from Togo.
The NERC, in its latest quarterly report, said market operators (MO) issued an invoice of $12.19 million to six firms – out of which $6.49 million was paid.
“In 2024/Q3, the six (6) 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,” NERC said.
“Similarly, the domestic bilateral customers made a cumulative payment of ₦1,566.51 million against the ₦2,100.79 million invoice issued to them by the MO for services rendered in 2024/Q34.”
In terms of outstanding invoices, the report said some bilateral customers (both domestic and international customers) made payments in Q3 2024 for outstanding MO invoices from previous quarters.
“Odukpani-CEET made a payment of $1.33 million towards outstanding invoices from previous quarters,” the commission said.
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