FG pushes for best practice in electricity market

The Permanent Secretary, Federal Ministry of Power, Amb. Godknows Igali has charged operators in the electricity market to imbibe best business practices with a view to leaving a well- established electricity market for the next generation.

Amb. Igali, who currently supervises all activities in the Federal Ministry of Power, was speaking during the closing ceremony of a recent two-day interactive workshop on “Interpreting and Understanding the Market Rules” for the electricity market participants in Abuja.

Igali called on the market participants to be open, willing to learn and become better operators as the sector was, he pointed out, still going through a learning curve.

The System/Market Operation (SO/MO),a business unit of the Transmission Company of Nigeria(TCN, in a statement, described Igali as confident that the current challenges would eventually be surmounted and the objectives of the privatization achieved to position Nigeria on the path to sustained industrial development.

The statement, issued by the Public Affairs head, Obiora Uzodike disclosed bi-lateral discussions are ongoing with several international agencies on how to build flared gas power plants, micro-grids and other renewable energy plants in order to provide more power for the grid and for Nigerians.

The Managing Director/Chief Executive Officer, SO/MO, Mrs. Ngozi Osuhor explained that the interactive workshop was organized to enhance the understanding of the market rules and grid codes among market players so that they can be more efficient and effective in delivering superior services.