The Nigerian Bulk Electricity Trading (NBET), has said that it only responsible for electricity generated and put on the grid and not bilateral supply.
In a telephone conversation with ENERGY TIMES on Monday, NBET Head, Corporate Communications, Henrietta Ighomrore, stated that NBET pays for electricity generated and put on the grid.
ALSO READ:
- Lenders Push Back as Failed Pipeline Sale Is Quietly Revived
- ENERGY TIMES Award Holds Today in Lagos
- Energia Appoints Oladimeji Bashorun as CEO
- ENERGY TIMES to honour Adelabu, Yahaya, Attah, Others April 17
- Artemis II Crew Splashes Down from Moon into Pacific Ocean at 1:08 a.m. Nigerian Time
Ighomrore who was reacting to a story published in this week’s edition of ENERGY TIMES titled: NBET denies NDPHC January payment, said only one of the eight plants owned and operated by NDPHC, generated power to the grid in the month of January while others generated for bilateral.
She said: “The grid distributed electricity is monitored and tracked by the Market Operator, who then issues a Final Settlement to all Market Participants (I.e. Gencos, NBET, Discos, etc). The FSS is used for issuance of invoices to related parties, Gencos issue invoice to NBET for the electricity they put on the grid, NBET validates Gencos invoices with the FSS. The FSS is the basis of NBET payments to Gencos”, she stated
NBET is only responsible for grid distributed energy”
Ighomrore said the January Payment for grid distributed electricity is being processed by the parties and is due for payment.
