The power generation companies (Gencos) have said that the recent declaration of eligible customers will guarantee the 11 electricity distribution companies (Discos) extra loads outside their normal allocation in the Multi Year Tariff Order (MYTO) to satisfy their customers’ demands, ThisDay reports.
According to the Gencos, the recently approved eligible customers’ regime, would also lift the limits placed on Discos’ potential power needs as prescribed in the MYTO. Accordingly, the 11 Discos, on a daily basis share the total electricity generated by the Gencos on fractions dictated by the MYTO.
Speaking through their trade association – the Association of Power Generation Companies (APGC) in Abuja, the Gencos said Discos that needed extra load allocations outside the MYTO allocations would be allowed to register as eligible customers, within which additional bulk power could be channeled to them for their networks.
APGC’s Executive Secretary, Dr. Joy Ogaji, told journalists that the eligible customers’ declaration was a laudable step that could help to build competitive trading in the power market. Ogaji explained that the declaration would also introduce a “willing seller-willing buyers” transactional system for the power market, thus increasing the market’s efficiency.