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Nationwide Blackout Imminent As Power Generation Falls Below 3,000MW / Jonathan Didn’t Order Electricity Tariff Reversal, Ex-nerc Chair Replies Fashola / FG Opposes Electricity Tariff Reversal, Backs NERC (2) (3) (4)
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Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by ijustdey: 7:42am On Feb 18, 2016 |
The country may be thrown into a blackout in the near future if the advice by the Senate to the Nigerian Electricity Regulatory Commission to reverse the new electricity tariffs is heeded, power distribution companies have said. www.punchng.com/tariff-reversal-nationwide-blackout-looms-power-firms-warn/ 2 Likes 2 Shares |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by SMARTKOSSY: 7:44am On Feb 18, 2016 |
Kossyblaze 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by kingbasil: 8:34am On Feb 18, 2016 |
This is by fire by force increment whether the populace agrees or not. It's so shameful that when countries are boosting their power output Upto 12,000 MW nigeria's sustenance depends on a paltry 4,000+ MW. What happens to the monies charged the customers(the common man in the streets) with the old format cos we know it's no small cheese Why can't these monies be used to increase the output by say 1000 MW Why can't all these pretencious experts work to add value to development of the sector 17 Likes 2 Shares |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Inspectahdeck(m): 8:41am On Feb 18, 2016 |
"Somebody is playing politics with electricity". I think this is the most stupid and sentimental seeking statement in 2016. How can you buy or startup a business expecting to finance with customer's money? I blame the privatisation process of PHCN, it took awhile before they settled the FG. For almost 2yrs, they charged 750 Naira as fixed charge per month (either you use their product or not). please multiply 750 by 1m people= 750,000,000..... and the greedy people are hoping for a 45% increase in tariff to operate. What about estimated bills? What they do is the company zones a particular amount to an area or district and expect the marketers to distribute charges randomly to their customers. That is why a lot of people receive outrageous bills and they are reluctant to share meter to customers. My advise to them, go to banks and seek loans with a plan on how to service and repay same. Like I always tell Ikeja electricity staffs, "do not forget you are a private company and can be sued. No light equal no finance and Government might revoke ownership". For a week and half no light in my area. please share your experience in your area 106 Likes 9 Shares |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by phemmie06(m): 8:42am On Feb 18, 2016 |
Where is my at up a? 2 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by abacus(m): 8:50am On Feb 18, 2016 |
When Baba acts now, some 'never do good' will start that good man a tyrant. Budget office treatment is in offing here too.. 2 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by comos: 8:52am On Feb 18, 2016 |
power before increment 6 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by obailala(m): 9:08am On Feb 18, 2016 |
comos:Where would the power come from when the power companies claim they dont have enough revenue to even operate the present facilities, let alone improve? I would rather say, "pre-paid meters before increment." With that, we know we only pay for what we use. 30 Likes 2 Shares |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by phlemzy: 9:32am On Feb 18, 2016 |
Inspectahdeck:The earlier you realise that the current power sector cannot be sustained with the removal of fixed charges and reversal back to old rates,the better. Discos will not do a business without making profits. They need money pay workers' salaries,pay Gencos for the power supplied them, a fraction of their revenues will go to the transmission line maintenance firms, and even out of this revenue,they will still have to pay for the power losses due to the aging transmission lines. At start off point years back,they have loan facilities obtained by them which they still have to service. Getting another loan may not be a right choice for them when they know that the revenue they'll make will not sustain the running of the business. Its very unfortunate that we may keep hovering around 2000-4500MW at generation level since we all are not ready to tolerate any form of increment. 16 Likes 2 Shares |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Bevista: 9:44am On Feb 18, 2016 |
Let's put things in perspective a bit. --- Apart from Transmission, the FG has completely divested from Generation and Distribution of power. The private companies managing the GENCOs and DISCOs are likely not to make any long term investment in the sector if pricing of their services is going to always be politicized rather than regulated by the appropriate agency. --- 15 years ago, even with very low network penetration, we allowed GSM companies to charge Nigerians N25k for SIM cards and N50/min for calls. The companies were excited because that price compensated for their investment risk. They invested billions of dollars in infrastructure, employing thousands of Nigerians and supporting thousands of vendors. Today, SIM cards are less than N100 and calls are less than N7/min. Today, you can practically receive calls from every nook and cranny of the country. --- My point is that the sooner we accept the initial discomfort of high price, the sooner we will get to the point of constant power and lower tariffs. If we were courageous enough to do this ten years ago, we would probably be generating over 20,000MW today with a much reduced tariff. Postpone it and you postpone progress and development. The price we are not willing to pay today will inadvertently be paid (even more) through high cost of manufacturing and running businesses due to inadequate power supply. --- The actions of the Senate can only work when trying to force the hand of the Executive, not arm twisting private businesses. The private companies have already invested some money in paying for licenses and setting up offices. GENCOs have invested in buying or building power plants. Investments on further infrastructure will need to come from customer receipts. You don't expect them to go to their bank to borrow money for long term investment without clarity on revenue expectations. 30 Likes 5 Shares |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by idupaul: 9:49am On Feb 18, 2016 |
I never taught I would say this but after hearing this cunning man speak I think it's high time the privatization be reversed because it's clear the owners of the discos are nothing but cut throat criminals ..Imagine they spent just 300 billion naira buying PHCN assets and immediately got a bailout of 500 billion from govt to get running, meaning the made an instant profit of 200 billion naira, for 2 years plus they collected an illegal monthly service charge of 750 for electricity not delivered and still there has been no remarkable increment in Electricity available. .Now this Idiot is threatening to throw the country into darkness if we don't pay him 45 percent more but funnily I haven't had light for 4 days straight up till now .so what darkness is the idiot speaking of. 53 Likes 4 Shares |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by olaolulazio(m): 9:51am On Feb 18, 2016 |
They must be mad! 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by harmless011: 9:51am On Feb 18, 2016 |
We never had light before so I wonder which light are they planning to take, light from the sun or moon. Stop this cheap blackmail and get to work, nonsense. 22 Likes 1 Share |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Nobody: 9:52am On Feb 18, 2016 |
I remain optimistic. 4 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by gebest: 9:53am On Feb 18, 2016 |
d poor masses are always at d recieving end, how can dey ask us to pay more for darkness instead of reducing it. God pls save us from d hand of dos without conscience. sure, some people are really heartless nd Fashola is not an exemption. 3 Likes 1 Share |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by vickylala239: 9:53am On Feb 18, 2016 |
Okkk. 4 Likes
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Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by INTERMAN: 9:53am On Feb 18, 2016 |
Is there no TOTAL BLACK OUT before? I think they need their brain examined @Nepa 4 Likes 1 Share |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Ucheosefoh(m): 9:53am On Feb 18, 2016 |
We are used to it stupid people, give 24/7 light and come back for hike in tariff 4 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by femiranking28(m): 9:53am On Feb 18, 2016 |
Which of the darkness are they talking about if it's the one I know lol we are used to it no light heat wan finished person. 5 Likes 1 Share |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Noblebrown7(m): 9:53am On Feb 18, 2016 |
Na new thinq? 2 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by eluquenson(m): 9:54am On Feb 18, 2016 |
Hmm, Nigeria in a deep shit. I pray we overcome this hardship cos a time will come it won't be unbearable for the people. 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by bxcode(m): 9:55am On Feb 18, 2016 |
Looms or already in blackout For the first time in over 3 years we have not seen light for some 5 days now in my area, an area known for constant power supply 2 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by humilitynike: 9:56am On Feb 18, 2016 |
dis ppl r nothing but thiefs 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by ednut1(m): 9:56am On Feb 18, 2016 |
nigeria needs to be recolonised abeg or our govt nd institutions outsourced to other countries. Joke of a nation 11 Likes 2 Shares |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by maxiuc(m): 9:56am On Feb 18, 2016 |
Court order in nigeria is now a mere command, buhari the impunity that will emerge in ur government will force u to resign 3 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by admax(m): 9:57am On Feb 18, 2016 |
The senators really needs to be educated on this as most of them don't understand the dynamics. I can't blame them because they only understand politics. Nigerians are paying the 2nd cheapest electricity in Africa but want to enjoy 24hrs light as if the equipment needed for electricity generation or transmission are cheap! Azura a 450MW Genco in Edo will spend over $1.2billion to build their plant, sell to NBET who will give Discos who will sell for stipends while battling with consumer's who don't pay bills and illegal connections etc so Discos won't be able to pay NBET who won't pay Azura (Genco) who won't be able to pay their bank loans (and for gas supply)! Solution: Increase electricity tariff and cancel estimated billing to consumers. Disconnect those that don't pay. This will bring confidence to the market and attract investors! People are paying 100 times more than the tariff for running their generators! 24 Likes 3 Shares |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by kennyman2000(m): 9:57am On Feb 18, 2016 |
Hmmmmm 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by Futbolpredikts: 9:58am On Feb 18, 2016 |
Theses people wanna raise their capital without our hard earned sweat 1 Like |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by repogirl(f): 9:58am On Feb 18, 2016 |
Is it not the same blackout we are currently experiencing 4 Likes |
Re: Tariff Reversal: Nationwide Blackout Looms, Power Firms Warn by steppin: 9:58am On Feb 18, 2016 |
We saw this coming. Another cartel doing their best to hold the country to ransom. 3 Likes |
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