Tariff hike & band A controversy: N4T gas debt, vandalism, energy theft make power supply crisis worse — Adegbemle
Why has it been impossible for GenCos, TCN, and DisCos to invest adequate resources and build the required capacity to generate, transmit, and distribute power to consumers many years after privatization? Yes! N4 trillion debt. No investor will invest more money when there is no clear path to cost recovery. So, it is important that we first look at appropriate pricing for electricity to be able to attract needed investments.This is another interesting question in that the bands are already four years old.
One thing that is also common with these locations is that they are mostly affluent and high-income areas of society, and they represent a disproportionately high share of energy consumed relative to their share of the customer population. What measures have been put in place by NERC to protect customers whose rights have been denied or threatened?