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The latest news from the ONEM
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Elligibility Balancing Mechanism in the Electricity Market |
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The policy is aimed at achieving the following for the industry capacity and load growth and Improving Market Liquidity.The Strategy is to allow for power purchase by Eligible Customers from Generators with un contracted Capacities through bilateral contracts. For this policy to be effectively implemented at this stage of the Market, the following are required; Development of Balancing Mechanism by MO and participants, to be approved by the Commission and amendment of the MR to allow for Bilateral Contract at this stage of the Market.(MR sections 20.1.4&20.1.5) More
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PUBLIC NOTICE
INVITATION TO TENDER FOR ENGAGEMENT OF A REPUTABLE COMPANY FOR THE PROCUREMENT OF AUTOMATIC METER READING (AMR) AND DATA MANAGEMENT SYSTEM FOR THE NIGERIAN ELECTRICITY MARKET
The Transmission Company of Nigeria (TCN) intends to engage the Service of a Reputable company for the Procurement of Automatic Meter Data Acquisition and Data Management System for the Nigerian Electricity Market.
Check the Nation, Thisday Newspapers and the FEDERAL TENDER JOURNAL for more details. |
Federal Government Declares Eligibility Transactions in the Power Sector
Operations in the power sector enters a new stage with the Federal Government declaring the much-anticipated eligibility transactions in the power market. This eligibility operation is expected to drive up efficiency, accountability, competition as well as customer-centered orientation among participants in the electricity market. In a major policy directive, the Honourable Minister of Power, Works & Housing, Mr. Babatunde Raji Fashola,
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COMMUNIQUE ISSUED AT THE END OF THE 2"d QUARTER MARKET PARTICIPANT FORUM |
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The interactive Forum was put together by the Market Operator as part of its quarterly activities of Market development. The forum was attended by Market Participants and other stakeholders - Gencos, Discos, Transmission Company of Nigeria (TCN), Nigerian Bulk Electricity Trader (NBET), Bureau for Public Enterprise (BPE), Nigerian Electricity Regulatory Commission (NERC) and Association of Power Generation Companies (APGC).
Below are the resolutions and suggestions made:
1. Gencos declared that they have the capacity to generate 8,500MW and called for improvement in Transmission and Distribution capacity to
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Liquidity Issues in the Market. Engr. U. Achinnanya |
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Market liquidity is self-sustaining and can also improve on its own without any external support. Also, the problem of low liquidity can be self-sustaining, in which case individual market participants may have little incentive or capacity to address it. An electricity market is said to have attained a Low-Liquidity Equilibrium (LLE) when it is obvious that liquidity cannot improve from its own internal resources.
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