Breaking: Black out hits Abuja as Market Operator suspend AEDC

The Market Operator has 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.

AEDC in a public notice signed on Friday 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”