This publication presents statistics on electricity from 2015 to 2020. The report focuses on customer numbers, metered customers, estimated billing customers, and most importantly, electricity supply and revenue collected under the reviewed period. Today, with the overwhelming global demand for energy and the emphasis positioned by
The report analyses the state of the Nigerian Electricity Supply Industry (NESI) covering the operational and commercial performance, regulatory functions, consumer affairs as well as the Commission''s finances and staff development.
Electricity supply was 6,432. (Gwh) in Q4 2023 from 5,732 (Gwh) in the previous quarter. However, on a year-on-year basis, electricity supply increased by 14.64% compared to 5,611 (Gwh) reported in Q4 2022.
electricity markets, expected operationalisation of state electricity markets, implementation of the Nigerian Energy Transition Plan (ETP) and other important developments in the Industry. The year 2023 was indeed defining for the Industry as the Industry experienced several
The report analyses the state of the Nigerian Electricity Supply Industry ("NESI") covering the operational and commercial performance, regulatory functions, consumer affairs as well as the Commission''s finances and staff development.
2. Introduction
2.1 Nigeria Power Market
2.2 GlobalData Report Guidance
3. Nigeria Power Market, Snapshot
3.1 Country Summary
3.2 Macroeconomic Factors
3.3 Supply Security
3.4 Opportunities
3.5 Challenges
3.6 Impact of COVID-19
4. Nigeria Power Market, Market Analysis
4.1 Market Structure
4.2 Key Market Players
4.3 Financial Deals
Deal Value and Volume, 2010-2020
Deals by Type, 2020
4.4 Nigeria Power Market, Demand Structure
Power Consumption by Sector, 2020
5. Nigeria Power Market, Regulatory Scenario
5.1 Thermal Power Policy
5.2 Renewable Energy Targets
5.3 Renewable Energy Master Plan (REMP)
5.4 National Renewable Energy and Energy Efficiency Policy (NREEP)
5.5 Off-grid Electrification Strategy
5.6 Multi-Year Tariff Order (MYTO)
5.7 Feed-in Tariffs (FiTs)
5.8 Net Metering
5.9 Competitive Procurement
5.10 Nigerian Economic Sustainability Plan
5.11 Green Bonds
5.12 Solar Hybrid Mini Grid Fund
6. Nigeria Power Market, Capacity and Generation
6.1 Cumulative Capacity Share by Technology, 2020
6.2 Total Power Capacity and Generation, 2000-2030
6.3 Thermal Power Capacity and Generation, 2000-2030
6.4 Hydropower Capacity and Generation, 2000-2030
6.5 Renewable Power Capacity and Generation, 2000-2030
7. Nigeria Power Market, Transmission and Distribution Overview
7.1 Transmission Network
7.2 Distribution Network
7.3 Grid Interconnection
7.4 Electricity Trading
8. Nigeria Power Market, Major Generating Companies
8.1 Egbin Power Plc
Company Overview
8.2 Sapele Power Plc
Company Overview
8.3 Transcorp Ughelli Power Plc
Company Overview
8.4 Afam Power Plc
Company Overview
8.5 Mainstream Energy Solutions Limited
Company Overview
9. Appendix
9.1 Abbreviations
9.2 Market Definitions
Power
Renewable Power
Installed Capacity
Electricity Generation
Electricity Consumption
9.3 Methodology
Coverage
Secondary Research
Primary Research
Modelling and Forecasting
Frequently asked questions What is Nigeria''s total cumulative power capacity?
Nigeria''s total cumulative power capacity in 2020 was 15.4 GW.
The power generation segment in Nigeria is dominated by Egbin Power Plc, Sapele Power Plc, Transcorp Ughelli Power Plc, Afam Power Plc, and Mainstream Energy Solutions Limited.
Thermal power generation was the dominant source of power in 2020, accounting for more than 85% of total installed capacity.
Nigeria''s energy policy is regulated by The Federal Ministry of Power. The Federal Ministry of Power is responsible for policy formulation and coordination in the power sector, including renewable energy and energy efficiency.
Power consumption increased from 8.6 TWh in 2000 to 28.3 TWh in 2020, growing at a CAGR of more than 6%.
In 2020, the residential sector had the dominant share in power consumption accounting for more than 55%.
Transmission Company of Nigeria (TCN) is the sole electricity transmission network operator in Nigeria. The company ensures continuity in electricity supply and is also engaged in developing, expanding, and maintaining the transmission network in Nigeria.
Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company
Nigeria Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2021-2030 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:
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