<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Emmanuel Onyeuche, Author at The Electricity Hub</title> <atom:link href="https://theelectricityhub.com/author/emmanuelonyeuche/feed/" rel="self" type="application/rss+xml" /> <link>https://theelectricityhub.com/author/emmanuelonyeuche/</link> <description>Collating and Disseminating Credible Power Industry Data and Information</description> <lastBuildDate>Mon, 15 Apr 2024 10:50:56 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.2</generator> <image> <url>https://theelectricityhub.com/wp-content/uploads/2020/11/cropped-NEH-32x32.png</url> <title>Emmanuel Onyeuche, Author at The Electricity Hub</title> <link>https://theelectricityhub.com/author/emmanuelonyeuche/</link> <width>32</width> <height>32</height> </image> <item> <title>Impact of Battery as a Service on Power Industry Dynamics in Nigeria</title> <link>https://theelectricityhub.com/impact-of-battery-as-a-service-on-power-industry-dynamics/</link> <comments>https://theelectricityhub.com/impact-of-battery-as-a-service-on-power-industry-dynamics/#respond</comments> <dc:creator><![CDATA[Emmanuel Onyeuche]]></dc:creator> <pubDate>Mon, 15 Apr 2024 07:55:54 +0000</pubDate> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[The Columnist]]></category> <category><![CDATA[Watt Page]]></category> <category><![CDATA[West Africa]]></category> <category><![CDATA[Africa]]></category> <category><![CDATA[Battery as a Service]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[Nigeria]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=86854</guid> <description><![CDATA[<p>Nigeria’s power sector faces numerous challenges, from inadequate generation capacity and unreliable distribution infrastructure. Despite being rich in natural resources, including abundant sunlight and hydroelectric potential, the country struggles with frequent power outages,… </p> <p>The post <a href="https://theelectricityhub.com/impact-of-battery-as-a-service-on-power-industry-dynamics/">Impact of Battery as a Service on Power Industry Dynamics in Nigeria</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <p class="">Nigeria’s power sector faces numerous challenges, from inadequate generation capacity and unreliable distribution infrastructure. Despite being rich in natural resources, including abundant sunlight and hydroelectric potential, the country struggles with frequent power outages, limited access to electricity, and an over-reliance on fossil fuels. </p> <p class="">According to reports from the system operators under the Transmission Company of Nigeria (<a href="https://theelectricityhub.com/?s=TCN">TCN</a>), Nigeria experienced four grid collapses in the first quarter of 2024, exacerbating the recurrent grid collapses experienced across the country in the last decade, exceeding over 200. </p> <p class="">Nigeria’s electricity generation capacity falls far short of demand, resulting in widespread power shortages and load shedding. Reliance on ageing, inefficient power plants and limited investments in new generation infrastructure exacerbate the capacity shortfall. </p> <p class="">Fuel supply challenges, including gas supply disruptions to thermal power plants and inadequate maintenance of hydroelectric facilities, further constrain generation capacity. Nigeria’s distribution infrastructure is characterised by high losses, theft, and inefficiencies, resulting in poor service quality and revenue losses for distribution companies (DisCos). </p> <p class="">Outdated equipment, inadequate maintenance investment, and technical losses contribute to the distribution network’s unreliability. The lack of metering and billing systems, coupled with widespread non-payment of electricity bills, undermines DisCos’ financial viability and hampers infrastructure upgrades. </p> <p class="">Addressing the challenges of inadequate generation capacity and unreliable distribution infrastructure in Nigeria’s power sector requires a multifaceted approach that addresses policy, regulatory, financial, and, most significantly, technological barriers. </p> <p class=""><a href="https://authorityngr.com/2024/04/14/impact-of-battery-as-a-service-on-power-industry-dynamics-in-nigeria/">Globally</a>, the power industry’s landscape is undergoing a transformative shift, and one of the key drivers of change is the advent of Battery as a Service (BaaS). This innovative approach to energy storage is revolutionising how nations generate, store, and distribute electricity. </p> <p class=""><strong>Understanding </strong><strong>the Concept of </strong><strong>Battery as a Service (BaaS)</strong></p> <p class="">The traditional model of energy storage involved large-scale, fixed infrastructure. BaaS introduces a paradigm shift by offering energy storage solutions as a service, which means that instead of purchasing and maintaining batteries outright, users can access the benefits of energy storage through a service agreement. </p> <p class="">In simple terms, BaaS provides battery storage solutions to customers on a subscription or pay-per-use basis, eliminating the need for upfront capital investment. Service providers install, maintain, and operate the battery systems, while customers benefit from reliable energy storage without the burden of ownership. </p> <p class="">BaaS agreements often include performance guarantees and SLAs that define the expected service levels, uptime, efficiency, and response times, providing customers with assurance of reliable and consistent service delivery. BaaS offers customers flexibility in scaling up or down the battery capacity based on evolving energy needs, market conditions, and technological advancements, enabling agile and cost-effective solutions.</p> <p class=""><strong>Impacts of BaaS across the Power Sector Value Chain</strong></p> <p class="">This novel approach has significant implications for consumers and the broader power industry. These impacts include:</p> <p class="">• <strong>Enhancing Grid Resilience: </strong>One of BaaS’s primary impacts is its role in enhancing grid resilience. When deployed strategically, energy storage can act as a buffer during peak demand periods, grid outages, or fluctuations in renewable energy generation. </p> <p class="">BaaS enables utilities to optimise grid operations, improve reliability, and respond swiftly to dynamic energy demands.</p> <p class="">• <strong>Facilitating Renewable Energy Integration: Integrating renewable</strong> energy sources, such as solar and wind, has been a cornerstone of the global push towards sustainable energy, especially in emerging economies like Nigeria. However, these sources are inherently intermittent. </p> <p class="">BaaS plays a pivotal role in mitigating the challenges associated with renewable energy by providing a means to store excess energy during peak production times and release it when needed, ensuring a consistent and reliable power supply. With the effective and efficient implementation of a Virtual Power Plant, distributed energy resources (DERs) can be flexibly integrated, ensuring the power output of each DER unit (such as BaaS), as well as the power consumption of loads, to balance electricity supply and demand in real-time.</p> <p class="">• <strong>Optimising Energy Management:</strong><strong> </strong>BaaS empowers consumers with greater control over their energy usage. Through intelligent energy management systems, users can optimise when and how they draw power from the grid by leveraging stored energy during high electricity prices or grid stress, reducing consumer costs and contributing to overall grid efficiency.</p> <p class="">• <strong>Disrupting Traditional Utility Models: </strong>The rise of BaaS is disrupting traditional utility models. As more consumers and businesses opt for energy storage as a service, utilities face challenges adapting their business models to accommodate these changes. </p> <p class="">Decoupling energy generation and storage introduces new dynamics, requiring utilities to reassess their roles in the evolving energy ecosystem.</p> <p class="">• <strong>Promoting Decentralisation: </strong>BaaS fosters decentralisation by allowing distributed energy storage solutions. This shift towards localised energy storage reduces the need for massive centralised power plants and long-distance transmission infrastructure, as seen in Nigeria. </p> <p class="">It also promotes energy independence and resilience at the community level.</p> <p class="">• <strong>Addressing Environmental Concerns:</strong><strong> </strong>Energy storage solutions contribute to environmental sustainability, particularly those incorporated into BaaS models. By enabling a smoother integration of renewable energy sources, reducing reliance on fossil fuels during peak demand, and minimising grid inefficiencies, BaaS is crucial in promoting the country’s commitment to climate change and reducing greenhouse gas (GHG) emissions.</p> <p class=""><strong>Bottlenecks</strong><strong> and Considerations</strong></p> <p class="">As Nigeria seeks to modernise its power sector and address the chronic challenges of electricity generation, distribution, and reliability, innovative solutions such as BaaS are gaining traction. BaaS ensures grid stabilisation, renewable energy integration, and enhanced reliability. However, its implementation in the Nigerian context is not without challenges. </p> <p class="">Balancing the benefits with the challenges would be integral to the successful integration of BaaS into the power industry. Some of the critical challenges of BaaS on the Nigerian power system dynamics include:</p> <p class="">• <strong>Limited Infrastructure and Grid Constraints:</strong><strong> </strong>Nigeria’s power infrastructure faces significant limitations, including ageing transmission and distribution networks, voltage instability, and frequency fluctuations. Integrating large-scale battery storage systems into the existing grid infrastructure poses technical challenges, including compatibility issues, grid stability concerns, and synchronisation requirements.</p> <p class="">• <strong>Financing and Investment Barriers: </strong>The upfront capital costs of deploying battery storage systems are considerable, making it challenging for utilities and developers to finance BaaS projects. Limited access to affordable financing, high-interest rates, and perceived investment risks deter private sector participation in BaaS initiatives, hindering the scaling-up of battery storage deployments.</p> <p class="">• <strong>Policy and Regulatory Uncertainties: </strong>Nigeria’s<strong> </strong>power sector is characterised by regulatory complexities, policy inconsistencies, and institutional challenges, which create uncertainties for BaaS investors and operators. The lack of clear regulatory frameworks governing BaaS contracts, grid interconnection standards, and revenue models hampers market development and stifles investor confidence.</p> <p class="">• <strong>Technical and Operational Risks:</strong><strong> </strong>Ensuring the reliability, safety, and performance of battery storage systems in Nigeria’s harsh operating conditions, including high temperatures, humidity, and grid instabilities, poses operational challenges. Inadequate skills and capacity among local technicians, limited maintenance infrastructure, and supply chain constraints may compromise the effectiveness and longevity of BaaS deployments.</p> <p class="">• <strong>Grid Integration and Market Dynamics:</strong><strong> </strong>Integrating battery storage into Nigeria’s electricity market requires coordination among multiple relevant stakeholders, including grid operators, regulators (NERC), utilities (DisCos), and independent power producers. The absence of market mechanisms, such as ancillary services markets and demand response programs, constrains the monetisation of BaaS benefits, such as grid support services and peak shaving.</p> <p class="">• <strong>Environmental and Sustainability Implications:</strong><strong> </strong>The sourcing, manufacturing, and disposal of battery storage systems raise environmental and sustainability concerns, including resource depletion, pollution, and waste management challenges. Promoting environmentally responsible practices, such as recycling, reuse, and lifecycle assessments, is essential for mitigating the environmental footprint of BaaS deployments and ensuring long-term sustainability.</p> <p class="">• <strong>Socio-Economic Considerations: </strong>Addressing equity concerns, ensuring access to BaaS benefits for underserved communities, and minimising potential social disparities in BaaS adoption is critical for fostering inclusive and sustainable energy transitions. Balancing economic incentives, affordability, and environmental considerations in BaaS pricing models and tariff structures is essential for maximising societal welfare and minimising adverse impacts on vulnerable populations. </p> <p class="">Also, it is vital to raise consumers’ awareness of the benefits of BaaS and dispel misconceptions or concerns related to battery ownership and management.</p> <p class=""><strong>Conclusion</strong></p> <p class="">Battery as a Service (BaaS) represents a disruptive force in the power industry, reshaping how we conceive and manage energy storage. From bolstering grid resilience to facilitating renewable energy integration and challenging traditional utility models, BaaS’s impact is profound and far-reaching. </p> <p class="">As the energy landscape continues to evolve, embracing innovation in energy storage would be pivotal in building a sustainable and resilient power infrastructure for the future. Overcoming the challenges of implementing BaaS in Nigeria’s power system dynamics requires a coordinated effort from policymakers, regulators, utilities, investors, and technology providers. </p> <p class="">Nigeria can unlock the transformative potential of BaaS to enhance grid reliability, integrate renewable energy, and accelerate its transition to a sustainable energy future. As Battery as a Service continues to gain traction, its impact on power industry dynamics will evolve. </p> <p>The post <a href="https://theelectricityhub.com/impact-of-battery-as-a-service-on-power-industry-dynamics/">Impact of Battery as a Service on Power Industry Dynamics in Nigeria</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/impact-of-battery-as-a-service-on-power-industry-dynamics/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Improving Storage Technologies to Boost Renewable Capacity and Utilization in Nigeria</title> <link>https://theelectricityhub.com/improving-storage-technologies-to-boost-renewable-capacity-and-utilization-in-nigeria/</link> <comments>https://theelectricityhub.com/improving-storage-technologies-to-boost-renewable-capacity-and-utilization-in-nigeria/#respond</comments> <dc:creator><![CDATA[Emmanuel Onyeuche]]></dc:creator> <pubDate>Fri, 07 Jul 2023 09:24:25 +0000</pubDate> <category><![CDATA[The Columnist]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=79501</guid> <description><![CDATA[<p>Nigeria, endowed with abundant renewable energy resources, has the potential to significantly increase its renewable energy capacity and reduce reliance on fossil fuels, especially focusing on the transition to cleaner… </p> <p>The post <a href="https://theelectricityhub.com/improving-storage-technologies-to-boost-renewable-capacity-and-utilization-in-nigeria/">Improving Storage Technologies to Boost Renewable Capacity and Utilization in Nigeria</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <p>Nigeria, endowed with abundant renewable energy resources, has the potential to significantly increase its renewable energy capacity and reduce reliance on fossil fuels, especially focusing on the transition to cleaner fuels and energy sources within the next couple of years. However, one of the key challenges hindering the full utilisation of renewables is the intermittent nature of the predominant renewable energy sources; solar and wind power. Nigeria must focus on improving storage technologies in order to overcome this challenge and unleash renewable energy’s full potential.</p> <p>Renewable energy sources, such as solar and wind power, offer numerous environmental benefits and long-term cost savings. However, their intermittent nature poses challenges to grid stability and reliable power supply. Storage technology plays a crucial role in mitigating these challenges by capturing excess energy during periods of high generation and utilising it during times of low generation or high demand. By enabling a more consistent and reliable power supply, storage technologies enhance the capacity and utilisation of renewable energy sources.</p> <p>In the last couple of years, Nigeria has made strides in renewable energy adoption and development, particularly in the areas of solar power. However, the integration of storage technologies is still relatively limited. The country heavily relies on traditional grid infrastructure, which is ill-equipped to handle the intermittency of renewables. This results in a reduction in renewable energy output during peak generation cycles and underutilisation of renewable energy sources.</p> <p>Some of the benefits of improved storage technologies include the following:</p> <ul class="wp-block-list"> <li><strong>Enhanced Grid Stability:</strong> Efficient storage technologies reduce fluctuations in electricity supply, improving the stability and reliability of the grid.</li> <li><strong>Increased Renewable Energy Utilization:</strong> By capturing and storing excess renewable energy, storage technology enables a higher utilisation rate of renewable capacity, reducing curtailment and maximising clean energy generation.</li> <li><strong>Energy Access and Rural Electrification:</strong> Off-grid storage solutions can provide reliable electricity access to remote and underserved areas, driving rural electrification efforts.</li> <li><strong>Economic Opportunities:</strong> The development of storage technologies present opportunities for domestic manufacturing, job creation, and attracting investments in the renewable energy sector.</li> </ul> <p>Some of the strategies to improve storage technologies to boost renewable capacity and utilisation include the following:</p> <ul class="wp-block-list"> <li><strong>Strategic Policy and Regulatory Support:</strong> It is imperative the government should establish favourable policies and regulations to incentivise the deployment of storage technologies. This can include offering financial incentives, tax breaks, or streamlined permitting processes for storage projects across the country, especially for renewable energy technology developers. Clear and consistent regulations also provide certainty for investors, encouraging private sector participation in storage technology deployment.</li> <li><strong>Capacity Building and Skill Development:</strong> Promoting local manufacturing of storage technologies can create job opportunities and reduce dependency on imports, which is the country’s status quo. Encouraging the development of domestic manufacturing capabilities for batteries, components, and storage systems can drive economic growth while supporting the renewable energy sector. Simultaneously, investing in training programs and skill development initiatives will ensure and guarantee a skilled workforce capable of installing, operating, and maintaining storage systems.</li> <li><strong>Research and Development:</strong> Encouraging research and development in storage technologies is vital for innovation and advancements in the renewable energy subsector. The federal and state governments, academic institutions, and industry stakeholders should collaborate to fund research projects focused on improving storage technologies. This will consequently result in the development of more efficient, cost-effective, and environmentally friendly storage solutions tailored to Nigeria’s unique needs.</li> <li><strong>Battery Energy Storage Systems (BESS):</strong> Deploying battery storage systems allows renewable energy sources, such as solar and wind, to store excess energy for later use. <a href="https://theelectricityhub.com/battery-management-system-and-its-benefits-to-microgrids/" data-type="URL" data-id="https://theelectricityhub.com/battery-management-system-and-its-benefits-to-microgrids/">BESS</a> can aid in smoothing out the intermittent nature of renewables and provide a stable supply of electricity. Investing in advanced battery technologies, like lithium-ion batteries, can enhance energy storage capacity and efficiency.</li> <li><strong>Smart Grid and Demand Response Implementation:</strong> Implementing smart grid technologies enables efficient monitoring, management, and integration of renewable energy resources with storage systems. It facilitates the real-time balancing of supply and demand, optimising the utilisation of renewable energy. Also, the implementation of demand response programs encourages consumers to adjust their electricity usage based on the availability of renewable energy, thereby reducing strain on the grid during peak periods.</li> <li><strong>Exploring Pumped Hydro Storage:</strong> Nigeria has various water bodies that can be utilised for pumped hydro storage. This involves using excess renewable energy to pump water uphill and then releasing it downhill to generate electricity when demand is high. Identifying suitable locations for pumped hydro storage and investing in the necessary infrastructure can significantly increase renewable capacity.</li> <li><strong>Integration of Thermal Energy Storage:</strong> Integrating thermal energy storage systems with renewable energy sources like concentrated solar power (CSP) plants can enhance their utilisation. Thermal energy storage allows excess heat generated by CSP during peak sunlight hours to be stored and used for electricity production when sunlight is limited. Implementing such systems can improve the dispatchability and reliability of renewable energy.</li> <li><strong>Public Awareness and Sensitization:</strong> Raising public awareness about the benefits of renewable energy and storage technologies is essential. Educating the public about the importance of transitioning to cleaner energy sources and the role of storage in enhancing renewable capacity can generate support and demand for these technologies.</li> </ul> <p>Improving storage technology is essential for Nigeria to harness its vast renewable energy potential and transition towards a sustainable and reliable energy system. By investing in advanced storage solutions and capacity building, Nigeria can overcome the intermittent nature of renewables, enhance grid stability, and increase the utilisation of clean energy sources. A comprehensive approach that involves technological advancements, supportive policies, and collaborations among stakeholders will be crucial in realising the benefits of improved storage technology for Nigeria’s renewable energy sector.</p> <p>The post <a href="https://theelectricityhub.com/improving-storage-technologies-to-boost-renewable-capacity-and-utilization-in-nigeria/">Improving Storage Technologies to Boost Renewable Capacity and Utilization in Nigeria</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/improving-storage-technologies-to-boost-renewable-capacity-and-utilization-in-nigeria/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>WAPDA and UAE Firm Sign MoU for Developing Floating Solar Power</title> <link>https://theelectricityhub.com/wapda-and-uae-firm-sign-mou-for-developing-floating-solar-power/</link> <comments>https://theelectricityhub.com/wapda-and-uae-firm-sign-mou-for-developing-floating-solar-power/#respond</comments> <dc:creator><![CDATA[Emmanuel Onyeuche]]></dc:creator> <pubDate>Tue, 27 Jun 2023 09:25:38 +0000</pubDate> <category><![CDATA[International News]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Renewable Energy]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=79422</guid> <description><![CDATA[<p>The Pakistan Water and Power Development Authority (WAPDA) signed two Memoranda of Understanding (MoU) with the Private Office of His Royal Highness Sheikh Ahmed Dalmook Al Maktoum of the United Arab Emirates.… </p> <p>The post <a href="https://theelectricityhub.com/wapda-and-uae-firm-sign-mou-for-developing-floating-solar-power/">WAPDA and UAE Firm Sign MoU for Developing Floating Solar Power</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>The first MoU is related to exploring investment opportunities for WAPDA’s small hydel power stations.</li> <li>The second MoU is related to exploring investment opportunities in Pakistan’s energy sector.</li> </ul> <p>The Pakistan Water and Power Development Authority (WAPDA) signed two Memoranda of Understanding (MoU) with the Private Office of His Royal Highness Sheikh Ahmed Dalmook Al Maktoum of the United Arab Emirates.</p> <p>The MoU was signed by the Chairman of WAPDA, Lt Gen Sajjad Ghani (Retd) and His Royal Highness Sheikh Ahmed Dalmook Al Maktoum on behalf of their organizations.</p> <p>The first MoU is aimed at establishing a framework for cooperation and collaboration between the Private Office of His Royal Highness Sheikh Ahmed Dalmook Al Maktoum and WAPDA to explore investment opportunities for WAPDA’s small hydel power stations, including 1MW Renala, 22 MW-Rasul, 13.2 MW-Chichokimalian and 13.8 MW-Nandipur.</p> <p>The second MoU is related to exploring investment opportunities in Pakistan’s energy sector, specifically for the development of floating solar power projects on water reservoirs and water bodies of the existing hydel power stations of WAPDA.</p> <p>Under the two MoU, both organizations will work together to assess these projects’ technical and economic feasibility and develop a plan for their implementation.</p> <p>The post <a href="https://theelectricityhub.com/wapda-and-uae-firm-sign-mou-for-developing-floating-solar-power/">WAPDA and UAE Firm Sign MoU for Developing Floating Solar Power</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/wapda-and-uae-firm-sign-mou-for-developing-floating-solar-power/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>DisCos Backtrack on Proposed Tariff Hike while awaiting NERC Approval</title> <link>https://theelectricityhub.com/discos-backtrack-on-proposed-tariff-hike-while-awaiting-nerc-approval/</link> <comments>https://theelectricityhub.com/discos-backtrack-on-proposed-tariff-hike-while-awaiting-nerc-approval/#respond</comments> <dc:creator><![CDATA[Emmanuel Onyeuche]]></dc:creator> <pubDate>Tue, 27 Jun 2023 07:58:14 +0000</pubDate> <category><![CDATA[Distribution]]></category> <category><![CDATA[News]]></category> <category><![CDATA[On-Grid]]></category> <category><![CDATA[Prospects & Challenge]]></category> <category><![CDATA[West Africa]]></category> <category><![CDATA[Distribution Companies]]></category> <category><![CDATA[Electricity Tariffs]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=79419</guid> <description><![CDATA[<p>A few hours ago, the DisCos clarified that they had yet to get the Nigerian Electricity Regulatory Commission’s (NERC) approval to hike tariffs. Also, the Abuja Electricity Distribution Company (AEDC)… </p> <p>The post <a href="https://theelectricityhub.com/discos-backtrack-on-proposed-tariff-hike-while-awaiting-nerc-approval/">DisCos Backtrack on Proposed Tariff Hike while awaiting NERC Approval</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>DisCos have yet to get the approval of NERC to hike tariffs.</li> <li>Inflation rate is 22.41 per cent and may hit 30 per cent by the end of the month.</li> </ul> <p>A few hours ago, the DisCos clarified that they had yet to get the Nigerian Electricity Regulatory Commission’s (NERC) approval to hike tariffs. Also, the Abuja Electricity Distribution Company (AEDC) backtracked on its earlier announcement of a tariff increase barely 18 hours after it issued a notification.</p> <p>AEDC, in a public announcement to its customers, urged them to ignore its previous announcement of an upward tariffs review. The company noted that NERC was yet to approve the increase.</p> <p>The MYTO provides a tariff path for the electricity industry, with biannual minor reviews to take into account the impact of changes in a limited number of parameters, specifically inflation, dollar exchange rate to naira, natural gas price and available generation capacity, and major reviews every five years.</p> <p>The proposed increase is coming despite the fact that operators have yet to be able to meet the threshold of supplying at least 5,000 megawatts a year after signing contracts with NERC. </p> <p>NERC’s current Service Based Tariff (SBT) was benchmarked on an exchange rate of N441/$ and inflation of 16.97 per cent. Currently, the inflation rate is 22.41 per cent, a figure that experts say may hit 30 per cent by the end of the month, given the floating of the naira and petrol subsidy removal.</p> <p>Many experts seem to think that the DisCos are taking advantage of their monopoly privileges and that the timing and rate of tariff changes should be reviewed in the interest of social stability.</p> <p>The post <a href="https://theelectricityhub.com/discos-backtrack-on-proposed-tariff-hike-while-awaiting-nerc-approval/">DisCos Backtrack on Proposed Tariff Hike while awaiting NERC Approval</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/discos-backtrack-on-proposed-tariff-hike-while-awaiting-nerc-approval/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Nigerian Government Deploys Mini-grid Facility in Niger State</title> <link>https://theelectricityhub.com/nigerian-government-deploys-mini-grid-facility-in-niger-state/</link> <comments>https://theelectricityhub.com/nigerian-government-deploys-mini-grid-facility-in-niger-state/#respond</comments> <dc:creator><![CDATA[Emmanuel Onyeuche]]></dc:creator> <pubDate>Mon, 26 Jun 2023 07:39:21 +0000</pubDate> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[West Africa]]></category> <category><![CDATA[Mini-grid]]></category> <category><![CDATA[Nigeria]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=79416</guid> <description><![CDATA[<p>The Federal Government has increased the deployment of mini-grids to boost power supply in rural communities and help cushion the effect of the recent subsidy removal on Premium Motor Spirit,… </p> <p>The post <a href="https://theelectricityhub.com/nigerian-government-deploys-mini-grid-facility-in-niger-state/">Nigerian Government Deploys Mini-grid Facility in Niger State</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>The 200KWp mini-grid in Danchitagi Community was built to supply uninterrupted electricity.</li> <li>The mini-grid will cushion the effect of the recent subsidy removal on petrol.</li> </ul> <p>The Federal Government has increased the deployment of mini-grids to boost power supply in rural communities and help cushion the effect of the recent subsidy removal on Premium Motor Spirit, popularly called petrol.</p> <p>It disclosed this in a recent statement issued in Abuja by the Rural Electrification Agency, adding that the mini-grids would provide 24/7 electricity in the communities where they were deployed.</p> <p>The Managing Director, REA, Ahmed Salihijo, who just inspected the 200KWp Solar Hybrid Mini-Grid in Danchitagi Community, Lavun Local Government Area, Niger State, said the facility, just like others, would cut down the volume of PMS purchased by beneficiaries of the community.</p> <p>He explained that through the Nigeria Electrification Project-Performance Based Grant initiative, over 80 similar mini-grids had been deployed nationwide, ensuring equitable access to electricity.</p> <p>Salihijo said the 200KWp mini-grid in Danchitagi Community was built to supply uninterrupted electricity to the area, which hosts about 2,670 people who were predominantly farmers.</p> <p>He explained that of the 534 electricity consumers from the facility, 13 of them use it for services such as tailoring, welding, refrigeration and milling of rice and other farm produce.</p> <p>“From the feedback we are getting, most people rely on petrol generators and with this mini-grid, it means that they will buy less of that petrol. “That means with the subsidy removal, this could serve as a palliative that will help them cushion the effects of the removal of subsidy,” the REA boss stated.</p> <p>The post <a href="https://theelectricityhub.com/nigerian-government-deploys-mini-grid-facility-in-niger-state/">Nigerian Government Deploys Mini-grid Facility in Niger State</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/nigerian-government-deploys-mini-grid-facility-in-niger-state/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>DisCos Notifies Customers of Electricity Tariff Hike from July 1st</title> <link>https://theelectricityhub.com/discos-notifies-customers-of-electricity-tariff-hike-from-july-1st/</link> <comments>https://theelectricityhub.com/discos-notifies-customers-of-electricity-tariff-hike-from-july-1st/#respond</comments> <dc:creator><![CDATA[Emmanuel Onyeuche]]></dc:creator> <pubDate>Mon, 26 Jun 2023 07:15:02 +0000</pubDate> <category><![CDATA[On-Grid]]></category> <category><![CDATA[Prospects & Challenge]]></category> <category><![CDATA[West Africa]]></category> <category><![CDATA[Electricity Tariffs]]></category> <category><![CDATA[Nigeria]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=79413</guid> <description><![CDATA[<p>Electricity Distribution Companies (DisCos) across Nigeria have started informing their customers that electricity tariffs would increase from July 1st, 2023 following an increase in the Naira exchange rate to the… </p> <p>The post <a href="https://theelectricityhub.com/discos-notifies-customers-of-electricity-tariff-hike-from-july-1st/">DisCos Notifies Customers of Electricity Tariff Hike from July 1st</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>DisCos has informed its customers that the electricity tariff will increase from July 1st, 2023.</li> <li>Customers are encouraged to purchase bulk energy units before the end of this month.</li> </ul> <p>Electricity Distribution Companies (DisCos) across Nigeria have started informing their customers that electricity tariffs would increase from July 1st, 2023 following an increase in the Naira exchange rate to the dollar.</p> <p>In separate notices, Abuja Electricity Distribution Company (AEDC), Eko Electricity Distribution Company (EKDC), and Ikeja Electric Electric Electric urged customers to purchase bulk electricity to beat the expected increment.</p> <p>The AEDC said: “Dear Valued Customers, effective July 1st 2023, please be informed that there will be an upward review to the electricity tariff influenced by the fluctuating exchange rate.</p> <p>“Under the MYTO 2022 guidelines, the previously set exchange rate of N441/$1 may now be revised to approximately N750/$1, which will impact the tariffs associated with your electricity consumption.</p> <p>“For customers within bands B and C, with supply hours ranging from 12 to 16 per day, the new base tariff is expected to be N100 per kWh while Bands A with (20 hours and above) and B (16 to 20 hours) will experience comparatively higher tariffs.</p> <p>“For customers with a prepaid meter, we encourage you to consider purchasing bulk energy units before the end of this month. This will allow you to take advantage of the current rates and potentially make savings before the new tariffs come into effect.</p> <p>“For those on post-paid (estimated) billing, a significant increment is imminent in your monthly billing, starting from August”, the utility declared.</p> <p>EKDC, in an earlier statement, advised customers that “We may be looking at a base tariff of N100 per kWh for Band C (12 – 16 supply hours per day). Bands A (20 hours and above) & B (16 – 20 hours) will be much higher”.</p> <p>On its part, Ikeja Electric disclosed that “Electricity units are set to jump by 30-40% in just over a week. You are best advised to buy as many units as you can before July 1st”.</p> <p>The post <a href="https://theelectricityhub.com/discos-notifies-customers-of-electricity-tariff-hike-from-july-1st/">DisCos Notifies Customers of Electricity Tariff Hike from July 1st</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/discos-notifies-customers-of-electricity-tariff-hike-from-july-1st/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Seagreen Completes Final Wind Turbine Installation in UK</title> <link>https://theelectricityhub.com/seagreen-completes-final-wind-turbine-installation-in-uk/</link> <comments>https://theelectricityhub.com/seagreen-completes-final-wind-turbine-installation-in-uk/#respond</comments> <dc:creator><![CDATA[Emmanuel Onyeuche]]></dc:creator> <pubDate>Fri, 23 Jun 2023 12:14:38 +0000</pubDate> <category><![CDATA[International News]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[UK]]></category> <category><![CDATA[Wind]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=79407</guid> <description><![CDATA[<p>Scotland‘s Seagreen Wind Farm, a joint venture between SSE Renewables and TotalEnergies, has achieved a significant milestone with the final installation of its wind turbines. The project now boasts 114… </p> <p>The post <a href="https://theelectricityhub.com/seagreen-completes-final-wind-turbine-installation-in-uk/">Seagreen Completes Final Wind Turbine Installation in UK</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>The project now boasts a total of 114 turbines, with 76 of them already energised.</li> <li>It is expected to generate approximately 5,000 GWh of renewable energy annually.</li> </ul> <p>Scotland‘s Seagreen Wind Farm, a joint venture between SSE Renewables and TotalEnergies, has achieved a significant milestone with the final installation of its wind turbines.</p> <p>The project now boasts 114 turbines, with 76 already energised and contributing more than two-thirds of the wind farm’s full capacity power to the grid.</p> <p>The wind farm is located approximately 27 kilometres off the Angus coast. Seagreen Wind Farm is poised to become Scotland’s largest offshore wind farm upon full operation.</p> <p>It is expected to generate approximately 5,000 GWh of renewable energy annually, providing sustainable electricity to over 1.6 million UK homes.</p> <p>The post <a href="https://theelectricityhub.com/seagreen-completes-final-wind-turbine-installation-in-uk/">Seagreen Completes Final Wind Turbine Installation in UK</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/seagreen-completes-final-wind-turbine-installation-in-uk/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Bill Gates and Arnergy Discuss Accelerating Renewable Energy Adoption in Nigeria</title> <link>https://theelectricityhub.com/bill-gates-and-arnergy-discuss-accelerating-renewable-energy-adoption-in-nigeria/</link> <comments>https://theelectricityhub.com/bill-gates-and-arnergy-discuss-accelerating-renewable-energy-adoption-in-nigeria/#respond</comments> <dc:creator><![CDATA[Emmanuel Onyeuche]]></dc:creator> <pubDate>Fri, 23 Jun 2023 10:28:11 +0000</pubDate> <category><![CDATA[News]]></category> <category><![CDATA[Prospects & Challenge]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[West Africa]]></category> <category><![CDATA[Nigeria]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=79393</guid> <description><![CDATA[<p>During a tour of the Arnergy manufacturing facility Wednesday at Lagos, Bill Gates, founder of Breakthrough Energy Ventures and co-founder of Microsoft, discussed with Arnergy management, financiers, and industry experts… </p> <p>The post <a href="https://theelectricityhub.com/bill-gates-and-arnergy-discuss-accelerating-renewable-energy-adoption-in-nigeria/">Bill Gates and Arnergy Discuss Accelerating Renewable Energy Adoption in Nigeria</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>Bill Gates discussed with industry experts on prospects of adopting renewable energy in Nigeria.</li> <li>Financing customers and reducing the cost of RET systems will be critical for scale.</li> </ul> <p>During a tour of the Arnergy manufacturing facility Wednesday at Lagos, Bill Gates, founder of Breakthrough Energy Ventures and co-founder of Microsoft, discussed with Arnergy management, financiers, and industry experts about the challenges and prospects of adopting renewable energy in Nigeria.</p> <p>During the visit to Arnergy’s facility, a portfolio company of Breakthrough Energy Ventures (BEV), experts called for partnerships with financiers and collaboration with industry leaders to accelerate the adoption of renewable energy in Nigeria, especially in light of the removal of petrol subsidies and the increase in electricity tariffs.</p> <p>They also said that the petrol subsidy removal and increase in electricity tariff have opened a new market for the renewable energy sector.</p> <p>Gates said, “I see a huge energy transition opportunity where distributed solar solutions like Arnergy’s displaces gasoline generators for millions of SMEs in Nigeria given the recent fuel subsidy removal.”</p> <p>Gates said that it is a massive thing for the renewable energy market. He also pointed out that financing customers and reducing the cost of RET systems will be critical for scale.</p> <p>The chief executive officer of Arnergy, Femi Adeyemo, highlighted the modular Arnergy 5000 lithium battery energy storage systems (BESS) and its proprietary energy management hardware and Solarbase software that were developed by the company’s innovative young Nigerian engineers with an average age of 26 years.</p> <p>The technology allows financiers, channel partners, and consumers to lease and pay for energy at a cost cheaper than current spending on diesel and petrol generators.</p> <p>The post <a href="https://theelectricityhub.com/bill-gates-and-arnergy-discuss-accelerating-renewable-energy-adoption-in-nigeria/">Bill Gates and Arnergy Discuss Accelerating Renewable Energy Adoption in Nigeria</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/bill-gates-and-arnergy-discuss-accelerating-renewable-energy-adoption-in-nigeria/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Senegal Secures $2.74 Billion Deal to Boost Renewable Energy Sector</title> <link>https://theelectricityhub.com/senegal-secures-2-74-billion-deal-to-boost-renewable-energy-sector/</link> <comments>https://theelectricityhub.com/senegal-secures-2-74-billion-deal-to-boost-renewable-energy-sector/#respond</comments> <dc:creator><![CDATA[Emmanuel Onyeuche]]></dc:creator> <pubDate>Fri, 23 Jun 2023 09:49:37 +0000</pubDate> <category><![CDATA[News]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[West Africa]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Senegal]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=79385</guid> <description><![CDATA[<p>Senegal has secured a 2.5 billion euro ($2.74 billion) investment deal with a group of developed countries to boost its renewable energy sector and accelerate its transition to a low-carbon… </p> <p>The post <a href="https://theelectricityhub.com/senegal-secures-2-74-billion-deal-to-boost-renewable-energy-sector/">Senegal Secures $2.74 Billion Deal to Boost Renewable Energy Sector</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>Senegal has secured a 2.5 billion euro investment deal to boost its renewable energy sector.</li> <li>The financing will be provided over an initial period of three to five years, starting in 2023.</li> </ul> <p>Senegal has secured a 2.5 billion euro ($2.74 billion) investment deal with a group of developed countries to boost its renewable energy sector and accelerate its transition to a low-carbon economy.</p> <p>The deal, announced at the Summit for a New Global Financial Pact in Paris, is part of the Senegal Just Energy Transition Partnership (JETP), which involves France, Germany, the European Union, the United Kingdom, and Canada.</p> <p>The JETP aims to help Senegal achieve its goal of increasing the share of renewable energy in its installed capacity from 31% to 40% by 2030. The financing will be provided over an initial period of three to five years, starting in 2023, and may be increased later depending on Senegal’s needs and ambitions.</p> <p>Senegal’s President, Macky Sall, said the deal would enable his country to exceed its renewable energy target and reduce its dependence on fossil fuels.</p> <p>Sall emphasized the need for lower interest rates and more debt relief for low-income countries as the current global financing system is inadequate.</p> <p>The JETP model was launched in 2021 with a $20 billion deal with Indonesia to help it phase out coal power plants. Since then, similar agreements have been signed with Vietnam, South Africa, and Senegal.</p> <p>The JETPs are seen as a pivotal mechanism to mobilize public and private finance to support developing countries in their efforts to combat climate change and shift to cleaner energy sources.</p> <p>The rich countries backing the JETPs are under growing pressure to fulfil their commitments to provide $100 billion a year in climate finance to poorer nations by 2020.</p> <p>The post <a href="https://theelectricityhub.com/senegal-secures-2-74-billion-deal-to-boost-renewable-energy-sector/">Senegal Secures $2.74 Billion Deal to Boost Renewable Energy Sector</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/senegal-secures-2-74-billion-deal-to-boost-renewable-energy-sector/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>TagEnergy Launches €570 Million Green Bond to Finance Renewable Energy Projects Worldwide</title> <link>https://theelectricityhub.com/tagenergy-launches-e570-million-green-bond-to-finance-renewable-energy-projects-worldwide/</link> <comments>https://theelectricityhub.com/tagenergy-launches-e570-million-green-bond-to-finance-renewable-energy-projects-worldwide/#respond</comments> <dc:creator><![CDATA[Emmanuel Onyeuche]]></dc:creator> <pubDate>Fri, 23 Jun 2023 07:56:16 +0000</pubDate> <category><![CDATA[International News]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Renewable Energy]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=79378</guid> <description><![CDATA[<p>TagEnergy, a prominent global clean energy enterprise, has successfully closed a dual currency (AU$ and €) green bond, amounting to a maximum of €570,000,000. The investment comes from Copenhagen Infrastructure… </p> <p>The post <a href="https://theelectricityhub.com/tagenergy-launches-e570-million-green-bond-to-finance-renewable-energy-projects-worldwide/">TagEnergy Launches €570 Million Green Bond to Finance Renewable Energy Projects Worldwide</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>TagEnergy has successfully launched a green bond amounting to a maximum of €570,000,000.</li> <li>The bond proceeds will play a pivotal role in fueling the expansion of the renewable energy portfolio.</li> </ul> <p>TagEnergy, a prominent global clean energy enterprise, has successfully closed a dual currency (AU$ and €) green bond, amounting to a maximum of €570,000,000. The investment comes from Copenhagen Infrastructure Partners (CIP) and GIC, two esteemed investors in the renewable energy sector.</p> <p>CIP, known for its expertise in greenfield renewable energy investments, is participating through its Green Credit Fund I. GIC, a leading global institutional investor headquartered in Singapore. It is also a key investor in this significant transaction.</p> <p>This milestone marks a significant achievement for TagEnergy, as the proceeds from the bond issuance will play a pivotal role in fueling the expansion of its renewable energy portfolio. The company aims to develop onshore wind projects, battery energy storage systems (BESS), and solar PV assets across the United Kingdom, Europe, and Australia. The investment will support TagEnergy’s growth strategy in these regions, further solidifying its position as a global renewable energy market player.</p> <p>The post <a href="https://theelectricityhub.com/tagenergy-launches-e570-million-green-bond-to-finance-renewable-energy-projects-worldwide/">TagEnergy Launches €570 Million Green Bond to Finance Renewable Energy Projects Worldwide</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/tagenergy-launches-e570-million-green-bond-to-finance-renewable-energy-projects-worldwide/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>