Abstract
In this paper, we explored the interplay between the electricity market structure, methods of electricity trading and different stakeholder dynamics within the Nigerian Electricity Supply Industry (NESI) with a view to understanding how these interplays impact on various forms of interventions in the Nigerian electricity sector. We started off by exploring the market structure and electricity trading system within the Nigerian electricity sector and reviewed the various stakeholder groups within centralized and decentralized electricity systems in Nigeria's electricity sector by highlighting their core responsibilities and the dynamics at play in satisfying their interests. This study revealed that: (1) external stakeholder groups (such as donor agencies and multi-lateral organizations) exert more influence in Nigeria's electricity sector through financial interventions; (2) lack of coordination and engagement among various stakeholder groups pose a challenge to effective electricity infrastructure interventions that address the needs of people in society. The study concludes by highlighting the implications of these challenges and the need to address the rising complexities and uncertainties for better stakeholder involvement in addressing the salient challenges in the sector.
Highlights
Stakeholder engagement in electricity infrastructure provisions is a relatively new area compared with other fields such as environmental management [1, 2, 3], urban development [4, 5] and water management [6, 7, 8]
The Power Holding Company of Nigeria (PHCN) was established to take over the assets and liabilities of the National Electric Power Authority (NEPA) which was the only player in the Nigerian electricity market
The Electric Power Sector Reform Act (EPSRA) empowered them to work like monopolies in clearly mapped out geographical areas for the distribution companies and assurances that generated power will be bought from the generation companies
Summary
Stakeholder engagement in electricity infrastructure provisions is a relatively new area compared with other fields such as environmental management [1, 2, 3], urban development [4, 5] and water management [6, 7, 8]. Achieving the SDG7 requires the consultation, participation and engagement of a diverse array of stakeholders involved in both on-grid and off-grid electricity systems [10] These stakeholders play very vital roles in electricity infrastructure financing, provision, use, regulatory formation and compliance [11, 12, 13]. Various stakeholders played vital roles at various points in Nigeria's energy history through various forms of interventions Some of these interventions took the form of regulations to aid infrastructure investment and private sector participation, while others took the form of direct technological intervention in infrastructure provision. In an attempt to answer the aforementioned question, we explored the Nigerian electricity market structure, electricity trading dynamics and the various stakeholder groups within centralized and decentralized electricity systems in Nigeria's electricity sector by highlighting their core responsibilities and the dynamics at play in satisfying their interests. Stakeholder theory was explored in relation to how it leads to the emergence of business interests by various stakeholder groups
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