NERC Urges Managers to Monitor Power Investors’ Performance

Anthony Akah


THE Nigerian Electricity Regulatory Commission, NERC, has urged the performance managers of operating companies in the Nigerian Electricity Supply Industry, NESI, to monitor performance agreements signed with the Bureau of Public Enterprise, BPE, when the companies were being privatised as well as adhere to key performance indicators, KPI, with the Commission.

Olufunke Dinneh, general manager, Legal, Licensing and Enforcement, who represented Anthony Akah, acting chairman, said this in a training at the Commission’s headquarters, Abuja. A statement of the commission that made this disclosure yesterday quoted him as saying: “You should no longer count yourselves among Nigerians who are lamenting the challenges in the power sector but you should brace up to fix the sector.”

Akah, according to the statement, told participants that some Nigerians had expressed reservations over possible outcome of the privatisation but that the Federal Government in mitigating such fears created the Commission to formulate operating standards and codes.

The chairman said “There should be effective monitoring of performance agreements and KPI.  The Commission working with BPE, as well as other stakeholders and Nigerians want explanation on compliance with the agreements and KPI signed by the private investors and those of you at this training have a role to play in this.”

According to him, “The regulator has the responsibility to ensure accountability within the electricity supply value chain. That is why the Commission created standards and codes and you are employed to ensure your respective companies abide by those standards within the regulatory landscape in addition to the performance agreement signed by your management” when they took over the erstwhile public utilities.

She told the participants at the training that their failures to assist their respective management to play by the rules would attract the regulators sanctions; adding that the industry is now regulated and as such, companies in the industry, irrespective of the ownership structure, are expected to play by the rules.

Participants at the two day training were drawn from about 37 operating companies across the electricity supply value chain. – The Nation

—  Sep 22, 2016 @ 18:00 GMT


(Visited 8 times, 1 visits today)
Click Banner for Details