{"id":16,"date":"2021-01-24T14:14:02","date_gmt":"2021-01-24T14:14:02","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=16"},"modified":"2021-01-24T15:09:37","modified_gmt":"2021-01-24T15:09:37","slug":"power-sector-loses-n20-5bn-as-load-rejection-lingers","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/power-sector-loses-n20-5bn-as-load-rejection-lingers\/","title":{"rendered":"Power Sector Loses N20.5bn As Load Rejection Lingers"},"content":{"rendered":"<h3><span style=\"color: #ff0000;\"><strong>About N20.5bn revenue was lost by Nigeria\u2019s power sector between January 1 and 22, 2021, as operators in the business complained that energy was still being rejected by distributors.<\/strong><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>Data obtained from the Federal Ministry of Power on Friday showed that the sector lost N20.5bn within the first three weeks of the year.<\/p>\n<p>&nbsp;<\/p>\n<p>Our correspondent also gathered that a total of 1,941 megawatts-hour\/hour of electricity was constrained during this period, as this quantum of energy could not be generated on the national grid.<\/p>\n<p>&nbsp;<\/p>\n<p>The major constraints that stopped the production of this quantum of power were insufficient gas supply, as well as lack of distribution and transmission infrastructure.<\/p>\n<p>&nbsp;<\/p>\n<p>Further findings from the power ministry revealed that the average energy that was sent out during the period was 4,505MWH\/H.<\/p>\n<p>&nbsp;<\/p>\n<p>Also, peak power generated on the country\u2019s grid within this three weeks was put at 5,584MW, as industry operators decried the persistent rejection of electricity by power distribution companies.<\/p>\n<p>&nbsp;<\/p>\n<p>The General Manager, Market Operations, Transmission Company of Nigeria, Edmund Eje, stated that the widening revenue gap in the market had further made the Discos to drop electricity load.<\/p>\n<p>&nbsp;<\/p>\n<p>Eje, who spoke at the just held virtual power dialogue, explained that the load rejection had impacted negatively on the machines of power generation and transmission companies.<\/p>\n<p>&nbsp;<\/p>\n<p>He said, \u201cAs the market gap started widening, the Discos resorted to reducing their invoice monthly. How could that be effected? It was by reducing the amount of energy they take.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cBy reducing the amount of energy you take, you are restricting the amount of energy to be evacuated from the transmission side.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cAnd it has to be understood by everybody in the power sector that energy consumed, generated and evacuated are done simultaneously because energy is not stored anywhere.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>He added, \u201cAlthough we have new technologies coming out now where you can use batteries to store energy, I can tell you that as the generator is generating, transmission is evacuating it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About N20.5bn revenue was lost by Nigeria\u2019s power sector between January 1 and 22, 2021, as operators in the business complained that energy was still being rejected by distributors. &nbsp; Data obtained from the Federal Ministry of Power on Friday showed that the sector lost N20.5bn within the first three weeks of the year. &nbsp; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":17,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[16],"tags":[18,19,17],"class_list":["post-16","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-loses","tag-n20-5bn","tag-power-sector"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Power Sector Loses N20.5bn As Load Rejection Lingers &#8212; Business Bells<\/title>\n<meta name=\"description\" content=\"About N20.5bn revenue was lost by 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