Electricity sector records mixed performance in 2020

Despite the sordid tales of Nigeria’s electricity sector, 2020 upstream power sector seems to have fared better in reducing systems collapse significantly.

However, huge difficulties persists in stranded power incidences which has resulted in a steady rise in losses in the industry while ensuring the perennial issue of inadequate power supply to industries and homes throughout 2020.

The power sector recorded five total collapses in 2020, as against 11 recorded in 2019.

The year had started with two successive collapses which occurred in January, but the performance stabilized in the remaining 10 months to date with just three collapses.

However, losses in Nigeria’s power sector rose to N619 billion in 2020, about 7.2 percent rise when compared to N575 billion recorded in 2019, due largely to the deficiencies in the nation’s power infrastructure.

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In the first quarter of 2020, average energy sent out was 3,945 mwh/h, while 4,051mw were not generated due to lack of gas, thereby accruing losses of N176, 927 billion respectively. This is against the corresponding quarter in 2019, which had 4,089mwh/h of average energy sent out, while 3,127mw (not generated due to lack of gas), thereby accruing losses of N135, 108 billion.