The Chairman said the submission of the database would help the Commission assess the companies’ performance.
The Nigerian Electricity Regulatory Commission, NERC, on Monday asked all electricity Distribution Companies, DISCOs, to furnish it with details of their operational database for proper assessment and monitoring of their activities.
The Chairman of NERC, Sam Amadi, gave the directive after the monthly meeting with the Chief Executive Officers of the DISCOs in Abuja.
The Chairman said the submission of the database would help the commission to assess the companies’ key performance indicators as enshrined in the Electricity Power Sector Reform, EPSR Act 2005 on reporting obligations.
“This is the first time the Commission is assessing the utilities on their Key Performance Indicators, KPIs since they took over barely six months ago,’’ Mr. Amadi said.
He said so far only three out of the 11 DISCOs had met with the directive, and warned others to comply or risk sanctions.
The Chairman said that the submission of database would also allow proper network data assessments to be carried out by the Commission.
Mr. Amadi said the DISCOs had an obligation to report to the regulator as stipulated by Part 10, Section 94(2) of the EPSR Act 2005.
The Act states that “any person who fails or refuses to furnish the Commission with a return or to supply information in the manner and time prescribed, or gives false or incomplete information commits an offence and is liable on conviction.”
The Chairman said that he had intimated the CEOs at the April meeting to ensure that they complied with the Commission’s request on submission of baseline statistics on distribution asset they took over.
He said that the network data assessment would help establish a data bank of all existing distribution asset, monitor, track and report performances.
The Chairman also said that the submission would facilitate expansion and development of the distribution networks, urging the companies to improve on their performances and make necessary adjustments, adding that similar exercise would be carried out in the Transmission and Generation Companies.