Nigeria’s electricity market on sickbed —TCN

as said.

He, however, stated that the transmission company had resolved to enforce the market rules which it had powers to enforce in order to forestall an eventual collapse of the power sector. He explained that why some power distributors were suspended by the TCN recently was because the firms defaulted in renewing their security deposits/guarantees and that this would have crippled the activities of TCN and the sector if it was not checked.

He added, “Every other developed clime where you hear that it is working, it is mainly because the rules are obeyed. If it is working in the United Kingdom, it is because the practitioners comply with the rules that control the market.

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