OPERATOR OF THE NIGERIA ELECTRICITY MARKET (ONEM)
Market operation was established in April 2004 to achieve a sustainable electricity industry. The Electricity Market has been designed with a staged approach, moving from one stage to the next with increasing competition and diversification of trading arrangements as investment and private participation grows.
The Market operations is responsible for the administration of the Electricity Market, promoting efficiency and where possible competition.
The Market operations initiated the first stage of the Electricity Market, the Pre- Transitional Market, in January 2005. The Participants are the distribution zones and power stations of PHCN, buying and selling at transfer prices. Transmission is providing wheeling services and the System Operator is providing system operation services
• Provide a framework for an efficient, competitive, transparent and reliable wholesale electricity market.
• Set out the responsibilities of participants, the TSP, the System Operator and the Market Operator in relation to trading, co-ordination, dispatch and contract nomination, pricing of imbalances and ancillary services, metering, settlements and payments.
• Set out the operation and pricing system of the Balancing Market.
• Ensure an efficient, transparent and predictable settlement system and set out the payment obligations.
• Establish a governance mechanism and a market monitoring system.
• Provide a framework for resolution of disputes among participants on one hand and the System Operator or the Market Operator on the other, on matters relating to the Market Rules and the Grid Code.
• Provide an efficient and transparent process for amending the Market Rules and the Grid Code.
Plot 441, Zambezi Crescent