FG develops trading platform for power firms, consumers

Power generation, distribution and transmission companies, gas suppliers, consumers, among others, will conduct electricity transactions through an automated energy trading platform in 2023, the Federal Government has said.

The government said the platform would facilitate an automated and transparent marketplace and would serve as a system for the consummation of bilateral contracts for energy using standard template contracts.

Managing Director, Nigerian Bulk Electricity Trading Plc, Nnaemeka Ewelukwa, disclosed this in a presentation titled, ‘Actualising Enhanced Electricity Supply and Commercial/Industrial Decarbonisation in Nigeria.’

In the document, which was obtained by our correspondent in Abuja on Wednesday, Ewelukwa stated that the platform would also serve as a spot market for real-time energy trading as the market developed further.

He said, “IPPs (Independent Power Plants) wishing to sell power can register on the platform and immediately have access to a comprehensive database of commercial/industrial customers across the country, and their energy requirements.

“A comprehensive interactive map will be developed, showing the geo-locations of the following facilities within Nigeria and the ECOWAS region (existing, on-going and proposed).

“The entities include commercial and industrial customers and industrial clusters; generation plants; transmission and distribution network; gas pipeline network; energy locations, including solar irradiation, wind and mini-hydro potentials.”

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