gvA Update

Our Hidden Economics For You...DISCOS without lights. As it has become known, the disco ball was in use as early as 1897. Indeed, it is recorded that "the 1897, article of the "Electrical Worker" discusses the Third Annual Ball held on January 6, 1897 in Charlestown, a neighborhood of Boston. The spectacular lighting display could be seen for miles around Boston. This was probably the first dancehall mirror ball with lights on display. Now Disco music gained popularity during the mid-1970s to the early 1980s. It is a genre of dance music containing elements of funk, soul, pop, and salsa. It's early start is associated with the city of Philadelphia starting among a type of counter-sub culture that included elements from the African American, Italian American, Latino, and even the gay and psychedelic communities. The Disco may have been a type of reaction against rock music. Now every Disco was associated with lights. Indeed without the Ball and lights it was not a disco. Now some kind of DISCOS started in Nigeria in late 2013. Most people wondered whether the disco ball and disco music had made a comeback. But it turns out this type of DISCO was short for Distribution company. With the privatization of the Power Holding Company of Nigeria (PHCN) the Discos were to come with light because they are the electricity distribution companies and the Nigerian Electricity and Regulatory Commission is their regulator. However, these DISCOS don't seem to have much light. So, are they DISCOSs without light? Every DISCO I ever heard of before had lights. Ok, I know, there are chief culprits called the government, The Transmission Company of Nigeria and then of course the GENCOS, that is, the Generation companies. The government is to come up with the right policies for adequate generation, transmission and distribution. So at the end of the totem pole are the hapless distribution companies, DISCOS. Do what it all means is that if you don't have very good policies, your generation and transmission of electricity will be poor and the DISCOS will have no light to distribute and so the people will be dealing with DISCOS without lights. Our hidden economics for you.

 

Posted: Jun 27th, 2016 @ 08:48:35 AM