- September 3, 2021
- Posted by: adminer
- Category: Finance
Electricity Distribution Companies (DisCos) market receipts for June stood at N26.811 billion, the Head of Corporate Communications, Nigerian Bulk Electricity Trading (NBET), Ms Henrietta Ighomrore, announced in a statement in Abuja, on Thursday.
The Market Receipt (MR) payment is received for grid distributed electricity in the Nigerian power sector.
NBET named the EKO Electricity Distribution Company as the highest remitter in the June 2021 Electricity Market Payment.
Ighomrore said information showed that no DisCo met the 100 per cent mark, however EKO DisCos came close with a 93.4 per cent remittance of its market receipts.
According to her, the June 2021 market receipts from the DisCos totalled N26.811 billion, with the top three remitters being EKO, Abuja and Port Harcourt DisCos with 93.4 per cent, 86.6 per cent and 76.4 per cent. respectively.
She said that the June 2021 market payment had been disbursed to the Generating Companies (GenCos) in proportion to their invoice.
NBET remains committed to ensuring timely and efficient payments to GenCos to enable the generators fulfil their obligations and maintain sustainable supply of electricity to the grid, she added.
Ighomrore also stated that NBET was engaging with all stakeholders in the value chain, to ensure payment improvement and viability of the Nigerian electricity market.