Reps Urge DisCos to Settle Market Obligations Urgently

The House of Representatives Committee on Power, led by Rt. Hon. (Barr.) Nwokolo Victor Onyemaechi, has called for electricity Distribution Companies (DisCos) to urgently settle their outstanding market obligations.

This warning was issued during an oversight visit to the Nigerian Independent System Operator (NISO) in Utako, Abuja, on Wednesday. The Committee participated in a public hearing regarding the debts of selected DisCos, including the Ibadan Electricity Distribution Company (IBEDC), chaired by NISO’s Executive Director, Market Operations, Engr. Dr Edmond Eje.

Onyemaechi expressed concern over the increasing debts owed by DisCos, stating that failure to meet financial responsibilities could jeopardize the entire electricity value chain. He emphasized that improved liquidity is vital for the stability and growth of the Nigerian Electricity Supply Industry (NESI).

The affected DisCos include Benin Electricity Distribution Company (BEDC), Enugu Electricity Distribution Company (EEDC), Jos Electricity Distribution Company (JEDC), Kaduna Electricity Distribution Company (KAEDCO), Port Harcourt Electricity Distribution Company (PHEDC), and Kano Electricity Distribution Company (KEDCO). Following the hearing, the Committee held a scheduled oversight meeting with NISO management.