The Nigerian Electricity Regulatory Commission, NERC, says international electricity consumers owe $51.26 million for electricity exported in 2023.
According to NERC’s quarterly report, special and cross-border customers include Mainstream-NIGELEC and Odukpani-CEET of Togo, and Paras-SBEE and Transcorp-SBEE from the Republic of Benin.
Another category under the international market is the bilateral customers, who, according to the NERC, did not remit N7.61 billion to Nigeria in 2023.
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Bilateral customers are customers that purchase electricity directly from generating companies (GenCos) without a middleman (e.g., bulk trader).
Under international treaty, Nigeria sells electricity to neighbouring countries like Benin Republic, Togo, and Niger.
NERC said the recurrent delay of remittances by international and bilateral customers should prompt the market operator to invoke the provision of the market rules to curtail the payment indiscipline being exhibited by the various market participants.
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