April 22, 2024 • 1 min
The Nigerian Institute of Electrical and Electronic Engineers has called on the Federal Government to audit all power infrastructure assets in the country. President, Felix Olu advised against the backdrop of the recent poor electricity supply in the country despite an increment in electricity tariff recently announced for Band A customers by the Nigerian Electricity Regulatory Commission. The institute stated that the problems in the power sector were systemic, requiring a redesign of market rules to address issues of reliability and market imbalance. He says the problems within the power sector include transmission infrastructure capacity, inefficient quality service, and the unwillingness of DISCOs to accept loads.
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