Nigeria: Tem declaration ‘imminent’

The declaration of the Transitional Electricity Market (Tem) – the crucial mechanism whereby power purchase agreements signed between generation and distribution companies and Nigerian Bulk Electricity Trading Company (NBET) become active – is “imminent”, Nigerian Electricity Regulatory Commission (Nerc) commissioner for market, competition and rates Eyo Ekpo told African Energy on 1 December. “The entire market is working towards the imminent declaration of Tem… three items are left on our checklist – first, a cost-reflective tariff, which Nerc is close to publishing, second, the provision of payment securities by discos [distribution companies] to NBET and the Transmission Company of Nigeria