{"id":107718,"date":"2024-01-19T20:16:53","date_gmt":"2024-01-19T19:16:53","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers"},"modified":"2024-01-19T23:37:50","modified_gmt":"2024-01-19T22:37:50","slug":"nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers","title":{"rendered":"Nigerian Govt permits DisCos to purchase electricity directly from producers"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Federal Government has given Electricity Distribution Companies, DisCos, in Nigeria the nod to buy electricity directly from power generation companies, GenCos.<\/p>\n

The Nigerian Electricity Regulatory Commission, NERC, disclosed this in its 2024 Multi-year Tariff Order, MYTO, which was recently issued to the country\u2019s 11 DisCos.<\/p>\n

NERC noted that the DisCos can procure electricity directly from GenCos through bilateral contracts.<\/p>\n

The regulator said the new order recognises a revision to the DisCos\u2019 partially contracted capacity, PCC, to ensure a minimum energy offtake from January 1 2024.<\/p>\n

Accordingly, NERC said the minimum energy offtake requirement for the 11 DisCos this year is 4,063MWh\/h.<\/p>\n

The DisCos are required \u201cto secure adequate bilateral contracts to facilitate a seamless exit from NBET\u2019s vesting contract regime,\u201d it said.<\/p>\n

NERC explained that through bilateral contracts, the DisCos are required to mitigate their \u201cexposure to volumetric energy risks\u201d, adding that they would have no recourse to claim revenue shortfall arising from generation shortfalls effective January 2024.<\/p>\n

The development will end the ten-year reign of the Nigerian Bulk Electricity Trading Plc, NBET, which buys electricity in bulk from generation companies through power purchase agreements and sells through vesting contracts to the DisCos.<\/p>\n

Ayodele Oni, an energy law expert and partner at Bloomfield Law Practice, speaking on the development, said, \u201cWith the just released 2024 Multi-Year Tariff Order for each DisCo, it would appear that DisCos are now generally allowed to procure bilateral power from generation companies, directly.<\/p>\n

\u201cThis is in preparation for the transition of the bulk trader, NBET.\u201d<\/p>\n

Under the partial activation of contract, PAC regime, DisCos have take-or-pay obligations on their Partially Contracted Capacity, PCC, meaning they must pay for available capacity irrespective of their offtake.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Federal Government has given Electricity Distribution Companies, DisCos, in Nigeria the nod to buy electricity directly from power generation companies, GenCos. The Nigerian Electricity Regulatory Commission, NERC, disclosed this in its 2024 Multi-year Tariff Order, MYTO, which was recently issued to the country\u2019s 11 DisCos. NERC noted that the DisCos can […]<\/p>\n","protected":false},"author":84,"featured_media":107717,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,2598,254,227],"class_list":["post-107718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-discos","tag-nigeria","tag-nigerian-govt"],"yoast_head":"\nNigerian Govt permits DisCos to purchase electricity directly from producers - Nigeria<\/title>\n<meta name=\"description\" content=\"The Federal Government has given Electricity Distribution Companies, DisCos, in Nigeria the nod to buy electricity direc ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerian Govt permits DisCos to purchase electricity directly from producers\" \/>\n<meta property=\"og:description\" content=\"The Federal Government has given Electricity Distribution Companies, DisCos, in Nigeria the nod to buy electricity direc ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-19T19:16:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-19T22:37:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1705687409.051603.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"719\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigerian Govt permits DisCos to purchase electricity directly from producers\",\"datePublished\":\"2024-01-19T19:16:53+00:00\",\"dateModified\":\"2024-01-19T22:37:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers\"},\"wordCount\":298,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1705687409.051603.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"DISCOs\",\"Nigeria\",\"Nigerian Govt\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers\",\"name\":\"Nigerian Govt permits DisCos to purchase electricity directly from producers - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1705687409.051603.jpg\",\"datePublished\":\"2024-01-19T19:16:53+00:00\",\"dateModified\":\"2024-01-19T22:37:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Federal Government has given Electricity Distribution Companies, DisCos, in Nigeria the nod to buy electricity direc ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1705687409.051603.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1705687409.051603.jpg\",\"width\":1280,\"height\":719,\"caption\":\"Nigerian Govt permits DisCos to purchase electricity directly from producers\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nigerian Govt permits DisCos to purchase electricity directly from producers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nigerian Govt permits DisCos to purchase electricity directly from producers - Nigeria","description":"The Federal Government has given Electricity Distribution Companies, DisCos, in Nigeria the nod to buy electricity direc ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers","og_locale":"en_US","og_type":"article","og_title":"Nigerian Govt permits DisCos to purchase electricity directly from producers","og_description":"The Federal Government has given Electricity Distribution Companies, DisCos, in Nigeria the nod to buy electricity direc ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers","og_site_name":"Nigeria","article_published_time":"2024-01-19T19:16:53+00:00","article_modified_time":"2024-01-19T22:37:50+00:00","og_image":[{"width":1280,"height":719,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1705687409.051603.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Nigerian Govt permits DisCos to purchase electricity directly from producers","datePublished":"2024-01-19T19:16:53+00:00","dateModified":"2024-01-19T22:37:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers"},"wordCount":298,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1705687409.051603.jpg","keywords":["Africa Press","Africa Press-Nigeria","DISCOs","Nigeria","Nigerian Govt"],"articleSection":["all news","Policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers","url":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers","name":"Nigerian Govt permits DisCos to purchase electricity directly from producers - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1705687409.051603.jpg","datePublished":"2024-01-19T19:16:53+00:00","dateModified":"2024-01-19T22:37:50+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Federal Government has given Electricity Distribution Companies, DisCos, in Nigeria the nod to buy electricity direc ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1705687409.051603.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1705687409.051603.jpg","width":1280,"height":719,"caption":"Nigerian Govt permits DisCos to purchase electricity directly from producers"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-permits-discos-to-purchase-electricity-directly-from-producers#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Nigerian Govt permits DisCos to purchase electricity directly from producers"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/107718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=107718"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/107718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/107717"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=107718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=107718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=107718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}