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In order to have stable and improve efficiency in power supply, there is need to analyse and understand the complex interrelated factors affecting the efficiency and stability of power supply. The factors that affect the efficacy and stability of power supply in any developing country/region could be classified as follows: government policy; economy factor; natural factor; society/community factor; effective energy management; skilled personnel; efficient technology and security factor. All these factors mentioned above have direct or indirect influence on the stability and efficiency of power supply. Various numbers of complicating factors that can prevent restructuring of energy sector to create electricity market that can improve efficiency of power supply in Nigeria are analysed. Suggestions of steps or actions that should be taken into consideration before proposing solutions to some of the problems of power sector are also highlighted in this paper.

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Financial sources are paramount in power projects planning and development. Many countries adopted various approaches in looking for financial funds for power projects development and it was discovered that concessional lending and borrowing cannot be relied on due to some peculiarities involved in power sector. Power sector, naturally is not attractive to both local and foreign investors, while financial sectors are highly attractive to investors. Incorporating power sector with financial institutions in Nigeria will reduce the acute shortage of funds for power infrastructure development and upgrading. Electricity price risk and uncertainty discourage investors. Through incorporation, financial hedging can use markets such as forward or futures to manage price risk. This paper highlight the complexity nature of power systems operation and analyze the possibility of incorporating the sector with financial institutions.