April 25, 2023 5:53 PMThe Transmission Company of Nigeria says it will sanction erring electricity companies over non-compliance with the market rules.
He said it is natural that some of the sanctioned players may attempt to “politicise the action to score cheap points and whip up unnecessary sentiments”.The TCN market operator, however, advised consumers to be sensitive to the real issues — which is efficiency and survival of the Electricity Supply Industry .
he rules set for governance and regulation of relationships between all in the sector must be obeyed and upheld.”Eje said some of these rules can be found with the MO, adding that adherence to the market rules is below expectation. Eje also said when a participant violates the market rules the MO would first notify the participant in writing, specifying the violation and requesting that a corrective action be taken within a specified period.for the intended suspension, the proposed duration of the suspension, and the conditions for lifting the suspension,” he added.
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