NERC transfers full regulatory oversight function to Enugu, Ekiti, Ondo, Imo
The Nigerian Electricity Regulatory Commission said it transferred full regulatory oversight function to four states in the country.
The commission, which made this known via its official X handle on Tuesday, listed the four states as Enugu, Ekiti, Ondo, and Imo.
It said the states were now fully responsible for overseeing their electricity markets.
Currently, the country has 12 electricity distribution companies.
They are Abuja, Benin, Enugu, Eko, Ibadan, Ikeja, Kaduna, Kano, Jos, Port Harcourt, Yola, and Aba Power Electric.
With the transfer of oversight to the four states, adjustments had been made to the market structures of Enugu, Benin, and Ibadan distribution companies.
The commission pointed out that it began the transfer of regulatory oversights to 10 states on January 10.
”NERC has commenced the transfer of regulatory oversight to 10 states. The remaining six states of Oyo, Edo, Kogi, Lagos, Ogun, and Niger states are in the process of completing the transition. Once it is finalised, the states will begin to regulate their respective electricity markets,” it said.
The commission said that the enactment of the 2023 Electricity Act significantly restructured the operations of the Nigerian Electricity Supply Industry, which had been in place since 2013.
”Within the year, the remaining six states are expected to incorporate their sub-companies, further reshaping the electricity market structure,” it said.
(NAN)
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