The Transmission Company of Nigeria (TCN) has issued a suspension order to the Abuja Electricity Distribution Company (AEDC) for failing to comply with the conditions of the market rules and market participation agreement.
AEDC is responsible for supplying electricity to the Federal Capital Territory, Kogi, Nasarawa, and Niger states. TCN, a Federal Government entity, transmits electricity from power generation companies to distribution companies nationwide.
In the suspension order, numbered TCN/ISO/MO/2024/002, TCN stated that AEDC failed to provide an adequate bank guarantee, which contravenes power market rules.
READ ALSO; AEDC Issues Disconnection Notice to FAAN, Power House, and 23 Other Debtors
“This is a formal suspension notice to Abuja Electricity Distribution Company due to non-compliance with provisions of the market rules and failure to provide the Market Operator with an adequate bank guarantee in line with section 15.3.3 of the Market Rules,” TCN stated.
READ ALSO: AEDC Issues Disconnection Notice to FAAN, Power House, and 23 Other Debtors
The Market Operator (MO) had previously notified AEDC of its default through several communications:
