GenCos Report N110.56bn Loss from Stranded Electricity

In the first half of 2026, Electricity Generation Companies (GenCos) incurred a loss of N110.56 billion due to stranded electricity, which refers to generated power that cannot be utilized. The average stranded capacity was 3,124.50 megawatts, with January recording 2,985MW stranded, leading to a loss of N18.10 billion.

February saw 3,274MW stranded, costing N17.93 billion, while March experienced 3,650MW stranded, resulting in a loss of N22.13 billion. April had 3,193MW stranded, costing N18.74 billion, and May recorded 2,710MW stranded, leading to a loss of N16.43 billion.

In June, 2,935MW was stranded, costing N17.22 billion. The Transmission Company of Nigeria (TCN) refuted claims of grid inefficiencies, stating that generation shortfalls were the main issue, supported by data from the Nigerian Electricity Regulatory Commission (NERC).

TCN asserted that its verified transmission capacity is 8,700MW and highlighted that the Plant Availability Factor was only 32.72% in Q1 2026 due to various operational challenges.