FG plans to monitor collection of electricity funds by DisCos will engender transparency – GenCos

The Association of Power Generation Companies, APGC, has said the federal government’s plan to monitor collection of electricity payment will ultimately intensify transparency in handling of finances accrued to the nation’s power sector.

The Executive Secretary of APGC, Joy Ogaji, said this at a news conference in Abuja on Tuesday.

Ogaji said it was important that the government monitors the payment of electricity by consumers, given the poor remittance of market funds by the Distribution Companies (DisCos).

The need to monitor the flow of market funds has become necessary as this will enable transparency in the market and also give the regulator the ability to identify issues that will progress the sector, she said.

“The poor remittance of market funds by the DisCos has prevented the rest of electricity value-chain from meeting up with their operations and also service their liabilities which includes gas payment.

“If you claim electricity consumers are not paying, let us see the payment transparently.

“If DisCos claim that they are not collecting enough, then they should open their books to make it plain for all to see and confirm their story; he who asserts must prove.

“The move by the regulator to bring transparency in the market and the move to declare eligible customers would bring about better performance in the electricity value chain.