Tuesday, July 22, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Hydropower most economical source of electricity in Nigeria- EMRC

Simon Osuji by Simon Osuji
August 18, 2023
in Infrastructure
0
Three West African countries owe Nigeria $16.11 million electricity fees- NERC
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Hydropower has been identified as the most economical source of electricity in Nigeria, with a charge of N3.67 per kilowatt-hour (kWh) in 2023 electricity invoices.

This information comes from a recent report by Electricity Market and Rates Consultants (EMRC) Limited.

According to the report, hydropower plants offer the cheapest electricity in Nigeria. In comparison to the industry average of 17.69 N/kWh from all generation plants, hydropower plants charged a significantly lower energy tariff of 3.67N/kWh.

The report also highlights the potential risk faced by states that develop their own grids, as they may miss out on the benefits of cheaper electricity from hydropower plants.

In Nigeria, hydropower is a significant source of electricity and currently has three on-grid power plants contributing to the total installed capacity.

The report from EMRC emphasises that seasonal changes and operational factors influenced the output of these plants in the fourth quarter of 2022, resulting in an output of 1,316 megawatts (MW).

However, the Nigerian Electricity Regulatory Commission (NERC) stated in its Q1 2023 Electricity report that hydropower generation in the country is hindered during the dry season. The report mentions outages at the Shiroro hydropower plant in Q1/2023 due to water management requirements to maintain its reservoir during the dry season.

The report also indicates that the capacity of the Dadin Kowa, Jebba, and Kainji hydro plants decreased in Q1/2023 compared to the previous quarter. On the other hand, the Shiroro plant experienced a significant decrease in capacity during the same period.

To address the challenges faced by electricity providers in states with a high population of poor residents, the EMRC report recommends considering each state’s socioeconomic characteristics when developing strategies and regulations for market involvement.

This approach would help tailor solutions to address cost concerns, improve energy access for disadvantaged communities, and establish long-term models for power distribution and consumption.



Source link

Related posts

Rand Water’s Planned Infrastructure Maintenance Successfully Completed

Rand Water’s Planned Infrastructure Maintenance Successfully Completed

July 21, 2025
R400m and eight years later, these rural roads in Limpopo are still not finished

R400m and eight years later, these rural roads in Limpopo are still not finished

July 21, 2025
Previous Post

Manchester United’s Mason Greenwood return plan included list of ‘hostile’ figures

Next Post

Use of AI during the COVID-19 pandemic required adapting the technology to its context, says researcher

Next Post
Use of AI during the COVID-19 pandemic required adapting the technology to its context, says researcher

Use of AI during the COVID-19 pandemic required adapting the technology to its context, says researcher

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

UAE boosts intellectual property protection to drive innovation, economic competitiveness: SLC official

UAE boosts intellectual property protection to drive innovation, economic competitiveness: SLC official

3 months ago
I Opted Out of AI Training. Does This Reduce My Future Influence?

I Opted Out of AI Training. Does This Reduce My Future Influence?

4 months ago
Google Adds Gemini AI to Gmail, Docs, Sheets, Slides, Drive

Google Adds Gemini AI to Gmail, Docs, Sheets, Slides, Drive

1 year ago
Jamie Dimon criticises central banks for getting forecasts wrong

Jamie Dimon criticises central banks for getting forecasts wrong

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.