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The latest news from the ONEM
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ONEM 3rd Quater Interactive Forum |
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Market Operations held its 3rd Quarter stakeholder’s forum at a time when the need to ensure discipline is sustained in the Nigerian Electricity market. The forum, with the theme, “Rules Compliance for Nigeria n Electricity Market (NEM) Development and Sustainability” assessed the challenges faced by MO in a Market which is inundated by rules violation, which are the instruments available to MO within the confines of the law necessary to ensure a stable Market and strategies to improve the general performance of the Market Operator.
Presentation papers from the just concluded Market Operations 3rd Quarter Interactive Forum.
Click on the link below to view presentations.
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NOTICE OF INTENT TO ISSUE A TERMINATION ORDER |
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NOTICE OF INTENT TO ISSUE A TERMINATION ORDER
TERMINATING THE RIGHTS OF KANO ELECTRICITY DISTRIBUTION COMPANY IN LINE WITH MARKET RULES 45.4
WHEREAS:
1. That Kano Electricity Distribution Company (KEDCO) is under suspension through Market Operator issued Orders TCN/ISO/MO/005 and TCN/ISO/MO/009.
2. That KEDCO has not remedied two Event of Defaults (Lack of Adequate Security Cover and Default in Payment of May 2019 invoice) which triggered the issuance of Suspension Orders TCN/ISO/MO/2019/005 & TCN/ISO/MO/2019/009.
3. Market Rules 45.4.1 states that:
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Kano EDC Second Suspension Order |
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KANO EDC Second Suspension
1. The Independent System Operator, on behalf of the Market Operator, entered into a Market
Participation Agreement with Kano Electricity Distribution PLC (KEDCO) on the 6th of February
2015.
2. In the signed Market Participation Agreement, KEDCO agreed to at all times be compliant with
the provisions of Clause 3.2 reproduced below:
The Participant shall in accordance with the provisions of the Market Rules, Grid Code, Metering Code and the Market Procedures be compliant at all times, particularly by:
i. Providing metering information in a timely manner and in the approved format in accordance with the Metering Code and the market procedures.
ii. Security Deposit when so required of an amount established by Market Operator to serve as a form of guarantee of payment for all amounts due
from the Participant to the Market Operator.
iii. Settling in a timely manner any payment due
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KANO EDC DISCONNECTION ORDER |
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TRANSMISSION COMPANY OF NIGERIA (TCN)
INDEPENDENT SYSTEM OPERATOR
Order No: TCN/ISO/MO/2019/006
Before the Market Operator, Independent System Operator, Transmission Company of Nigeria.
In the matter of non-compliance with the conditions of Market Rules and Market Participation Agreements.
WHEREAS:
1. That Kano Electricity Distribution Company (KEDCO) is under suspension through Market Operator issued Order TCN/ISO/MO/005.
2. That Kano Electricity Distribution Company (KEDCO) has been suspended from the Market Operator Administered Market due to an EVENT OF DEFAULT that was not remedied. KEDCO was notified of this EVENT OF DEFAULT by a NOTICE OF EVENT OF DEFAULT (NED/2019/004) dated July 9TH, 2019.
3. In line with Section 45.3.7 of the Market Rules KEDCO was issued a “Notice of Intent to Issue Suspension Order
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KANO EDC SUSPENSION ORDER |
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TRANSMISSION COMPANY OF NIGERIA(TCN)
INDEPENDENT SYSTEM OPERATOR
ORDER NO: TCN/ISO/MO/2019/005
BEFORE THE MARKET OPERATOR, INDEPENDENT SYSTEM OPERATOR, TRANSMISSION COMPANY OF NIGERIA
IN THE MATTER OF NON-COMPLIANCE WITH THE CONDITIONS OF MARKET RULES AND MARKET PARTICIPATION AGREEMENTS.
WHEREAS:
1.The Independent System Operator, on behalf of the Market Operator, entered into a Market Participation Agreement with Kano Electricity Distribution PLC (KEDCO) on the 6th of February 2015.
2.In the signed Market Participation Agreement, KEDCO agreed to at all times be compliant with the provisions of Clause 3.2 reproduced below:
The Participant shall in accordance with the provisions of the Market Rules, Grid Code, Metering Code and the Market Procedures be compliant at all times, particularly by:
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