NBET Plans Automated Platform For Electricity Supply Industry Operators

France Nouvelles Nouvelles

NBET Plans Automated Platform For Electricity Supply Industry Operators
France Dernières Nouvelles,France Actualités

The Nigerian Bulk Electricity Trading (NBET) has announced plans to deploy an automated energy trading platform/exchange to promote bilateral trading between

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“The platform will efficiently link sufficient numbers of buyers and sellers thus facilitating price discovery.“With price discovery, energy buyers and sellers have the assurance that they are purchasing these commodities at fair prices in a reliable marketplace.

Ewelukwa also said that a comprehensive interactive map would be developed by NBET, which will show the geo-locations of the facilities within Nigeria and the ECOWAS sub region. Ewelukwa said that the Securities and Exchange Commission, Nigerian Electricity Regulatory Commission , as well as the Nigerian Midstream and Downstream Petroleum Regulatory Authority were being engaged by NBET.

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