The Nigerian Bulk Electricity Trading Plc (NBER) has, for the 2021 payment cycle, processed an average of N68 billion naira worth of electricity via the grid, making sure that GENCOS received an average minimum settlement of 85% of generation invoices. The NBET also said it processed market payment of over N42 billion naira (N42,486,673,723.75 (billion) to generation companies (GENCOS) for the November 2021 Payment Cycle. This, the firm said in a statement sent to Platforms Africa, is for grid distributed electricity. The payments were made last week to GENCOS for…
Read MoreNBET Processes N68bn in One Year, Pays N42bn to GenCos for Nov Cycle
