NBET hires Deloitte to facilitate efficiency in electricity service delivery                       

Nigerian Bulk Electricity Trading (NBET) plc has engaged the services of Deloitte for the restructuring of its workforce and operational modules for improved service delivery.

This comes as emerging challenges in managing the evolving complexities of the Nigerian electricity industry widen.

Rumundaka Wonodi, managing director/CEO, NBET, said Wednesday in Abuja that the decision to engage Deloitte was taken after gaps were identified in the NBET’s operations, necessitating it to move towards reassigning roles or job descriptions and aligning same with set targets for those who occupy such positions.

Wonodi further explained that the power sector was so dynamic such that issues that were initially seen as auxiliary were now emerging as major issues requiring independent and specific regulation.

Deloitte is widely regarded as the best business-consulting firm in the world, developing operating models and facilitating strategy execution for business success in various firms across multiple industries.

The NBET boss cited an example of evolving issues as that of renewable energy, which, was earlier considered as a single component of the energy mix, but made up of different types such as wind, solar and hydro, which by themselves as big and complex enough to be regulated independently for quality project delivery.

The Nigerian electricity market, since its privatisation in November 2013, has been split into power generation companies (Gencos), distribution companies (Discos), and the Transmission Company of Nigeria (TCN), which hold and operate the nation’s physical electricity assets.

NBET holds no physical assets but is heavily capitalised and buys electricity in bulk from the Gencos and delivers to the Discos who can pay back to NBET after they collected energy charges from consumers.

Thiru Pillay, Deloitte’s head of consulting in Africa, said they were working with NBET to help them better understand their business and to evaluate how goals would be delivered, while increasing efficiency of the available power assets in the Nigerian power sector.

Pillay said the company had consolidated Anglophone Africa into 15 countries, in which it was currently working to expand its operations.