Deprecated: Function WP_Dependencies->add_data() was called with an argument that is deprecated since version 6.9.0! IE conditional comments are ignored by all supported browsers. in /home/corerepo/public_html/wp-includes/functions.php on line 6260 NISO, DisCos Begin Talks on Outstanding Market Obligations to Service Providers - Core Reporters
NISO, DisCos Begin Talks on Outstanding Market Obligations to Service Providers
By Our Reporter
Abuja (Core Reporters) The Nigeria Independent System Operator (NISO) has concluded a significant public hearing with the Nigerian Electricity Distribution Companies (DisCos) on their outstanding obligations to the Nigerian Electricity Market and service providers.
The engagement, which began on Tuesday, September 1, and ended September 4, 2026, provided an opportunity for NISO to review the outstanding market obligations of the DisCos and examine payment arrangements aimed at addressing balances that have continued to impede the effective functioning and development of the Nigerian Electricity Market.
Following extensive deliberations, the payment proposals presented by some of the DisCos were considered unacceptable to NISO at the hearing, particularly in view of the magnitude and age of the outstanding obligations.
The hearing, conducted by a five-member committee chaired by the Executive Director, Market Operations, Engr. Dr. Edmund Eje, expressed concern over the proposed payment frameworks presented by some DisCos for the liquidation of their outstanding market obligations.
The Committee noted that the Federal Government had magnanimously netted off approximately 97 per cent of the DisCos’ outstanding obligations for the period 2015–2020, and consequently stressed the need for the affected DisCos to take immediate steps towards liquidating their remaining balances.
NISO will therefore proceed with the next steps, including the application of applicable sanctions as provided under the Market Rules, while maintaining its commitment to constructive engagement, transparency and due process.
The engagement underscores the critical importance of market discipline, compliance and accountability among market participants, as well as continued collaboration in strengthening market confidence and ensuring the sustainability and effective functioning of the Nigerian electricity market.
