Consumers have in recent weeks witnessed an improvement in Nigerians’ access to electricity, as evidenced by data from the Transmission Company of Nigeria (TCN).
According to Nigeria’s daily electricity generation tracker, supply reached a new high of 5,043 megawatts (MW) on September 1st, 2022, an 8.1% increase from the 4,664MW recorded the day before.
Since the labor union strike action in August, when electricity workers under the National Union of Electricity Employees (NUEE) and the Senior Staff Association Electricity and Allied Companies (SSAEAC) grounded the TCN’s operations and caused a nationwide blackout, which cost DisCos an estimated N2.94 billion in lost potential revenue, the supply of electricity has been increasing.
During the month of August, consumers received an average of 93,183MWh of power, compared to 86,221MWh on average during the previous month. In the same line, energy output has also increased, averaging 94,281.68MWh per day in August.
On September 1st, a total of 102,875.3MWh of energy were produced, while 101,630MWh were provided, accounting for 98.8% of the total electricity produced.
Additionally, the lowest frequency on Thursday was 49.8Hz, and the highest frequency was 51.1Hz.
According to reports, some of the reasons for improved power supply are not unconnected to some of the recent policy changes introduced earlier in the year.
The major factors attributed to the improved power supply include: Reduction in tariff shortfalls, which has been the bane of investments in the power sector; the Partial Activation of Power Purchase Agreements (PPA) which commenced in July; and the billions of naira in central bank intervention funds lent to Discos for meters, CAPEX, and operational expenses.