Nigeria Limits Sale of Electricity to Foreign Customers

The Nigerian Electricity Regulator Commission (NERC) has limited the sale of electricity to foreign customers in order to boost supply to its domestic clients. On Friday, the commission issued a directive to the country’s grid operator limiting the supply of electricity to overseas clients to 6% of the total grid generation. Prior to the directive, the grid generator’s policy was to prioritize customers it has a bilateral agreement with, including international clients, over domestic customers. With the new order, which became active on May 1, the NERC will hope the surplus electricity will be enough to meet local demand.

SOURCE: CNBC