Against the backdrop of the unbundling and privatization of the Nigerian power sector, Infranet Energy Services is organizing a two-day workshop that will provide insights into the set of rules that will guide electricity market in the country.
The workshop to be organized in partnership with Nigerian Electricity Market and System Operator (ISO) has as theme, ‘Interpretation and Understanding of the Nigerian Transitional Electricity Market Rules’.
Infranet Energy Services is the trading entity for Infranet Limited, and provides services to energy and utilities companies involved in the transmission and distribution of electricity.
The transitional electricity market rules are aimed to establish a trading system for the electricity market that guarantees an efficient, transparent and non-discriminatory market administration service to all participants, and facilitates the development of a sustainable competitive wholesale electricity market.
Adewale Ogunbunfunmi, the commercial director of Infranet, noted in a statement in Lagos that the workshop would be quite revealing, disclosing that contributions were expected from Abdulkadir Shettima, the Head of Finance and Regulatory Affairs of the National Electricity Regulatory Commission (NERC).
Ogunbunfunmi noted that the performance of each distribution company (Disco) could be determined by how much leakage across the grid was reduced to ensure maximum distribution of electricity to residential and commercial business consumers.
Most Nigerian Discos are unable to raise the required funding for capital projects from banks.
An alternative source of funding capital projects is by Revenue Assurance which involves the Discos partnering with an energy procurement and construction (EPC) and original equipment manufacturer.
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