The electricity generation companies (Gencos) said power generation which was 3,183.2 megawatts (Mw) on Saturday dropped to 2,970.3Mw Sunday.
The energy generation that was 86,033.72Mwh an equivalent to 3,584.7Mw on Saturday decreased to 84,320.95Mw an equivalent of 3,513.3Mw on Sunday, says the Daily report of Transmission Company of Nigeria, TCN.
The said TCN also stated on its website that the peak generation that was recorded August 23, 2019, was 4,439.8Mw, and that energy recorded that day was 86,033.72Mwh, equivalent to 3,584.7Mw. it said At 06:00hour of Saturday, 3,183.2Mw energy was recorded.
The decline in generation was not unconnected to the electricity Distribution Companies (DisCos’) low demand for power, which culminated in the reduction of generation and zero level production of some of the GenCos.
Nigeria Bulk Electricity Trading (NBET) Company, Managing Director, Dr. Marilyn Amobi, last week said in the last payment, the firm bore a payment of N181billion to five GenCos for electricity that Nigerians did not use.
According to her, in the context of the N701billion power sector intervention fund, the Federal Government paid N105billion as five per cent to GenCos for unused electricity.
The payments, she said, were due to the power purchase agreements that government had with the companies.
Meanwhile, the Market Operator of TCN, Engr. Edmund Eje, also disclosed said the Federal Government has approved N600billion that is to be injected into the nation’s electricity market.