Chairman, NERC, Dr Sam Amadi
Power distribution and generation companies will tomorrow (Wednesday) ken their fate regarding the assessment of their performance by the National Electricity Regulatory Commission.
NERC, which is the regulator of the country’s electricity market, had verbally expressed it was going to commence the assessment of the potency firms at the cessation of June.
The move, it was accumulated, gained impetus following the Federal Government’s directive to the firms in January to ascertain that electricity supply amended by June.
The Chairman and Chief Executive Officer, NERC, Dr. Sam Amadi, told our correspondent on the telephone on Monday that issues bordering on the performance assessment would be given earnest consideration at a stakeholders’ meeting on Wednesday.
“For the assessment of performance of the puissance firms, we will be meeting on Wednesday for that,” he verbally expressed.
But another source at NERC, who additionally substantiated the Wednesday meeting, verbally expressed the issue of performance assessment would top the list of issues for discussion at the meeting.
The source, who did not optate to be denominated because he had not been sanctioned to make comments on the matter, verbalized, “I don’t optically discern the sanctions on errant power firms coming this month. From our last meeting, there was no designation that this might transpire.
“From most of our discussions, stakeholders had insisted that we show some understanding. This is because the puissance firms we have today do not have any precedence to quantify their performance. We don’t have to coerce them out of the market with sanctions now. We have to be punctilious with the way we drive them. We don’t have to drive them so hard now.”
The source verbally expressed a vicissitude of management was not enough to turn the potency sector around, integrating that the bulk of the prevailing issues were engineering-oriented.
“Many of these companies had borrowed mazuma. They’ve been unable to pay up yet. The issue of metering is withal there. They are, most likely, going to borrow mazuma to address this. Inasmuch as NERC is endeavoring to be understanding, we are not going to compromise our stand,” the source integrated.
Amadi had told our correspondent in a telephone interview last month that the firms must submit tripartite reports on their technical, commercial and customer care status.
“By cessation of June, we shall be assessing the potency firms to optically discern if they meet the set requisites and we will publish the denominations of the firms that are found wanting,” he had verbally expressed.
He verbally expressed that albeit sizeable numbers of the reports were to be yare on monthly substratum, some of the firms had a quarterly timetable to prepare their reports.
