Breaking: Black out imminent as Abuja Electric suspended, may be disconnected from national grid

Market Operator on Friday suspended Abuja Electricity Distribution Company (AEDC) for non- compliance with provisions of the Market Rules and failure to provide the Market Operator (MO) with an adequate Bank Guarantee in line with section 15.3.3 of the Market Rules.

In a public notice signed by Ali Buhari Ahmad for Market Operator,  the MO had previously notified AEDC in writing of its Default of the Market Rules via;

1. Request for Fulfillment of Prudential Requirement dated 13/Feb/2024

2. Notice of Event of Default: Non-Fulfillment of Prudential Requirement dated

22/Mar/2024 and,

3. Notice of Intent to Issue a Suspension Order: Non-Provisions of Adequate Bank Guarantee dated 8/Apr/2024

“The MO in these notices requested that corrective actions be taken within a specified period to cure the default. In spite of all notifications, AEDC failed to cure this Default. In view of this non-compliance, AEDC is hereby suspended from the MO Administered Electricity Market”