The Nigerian Electricity Regulatory Commission (NERC) has issued an order to transfer regulatory oversight of the electricity market in Plateau to the State Electricity Regulatory Commission (PSERC).

In a statement on its X handle on Friday, the commission said the transfer was in compliance with the amended constitution of the Federal Republic of Nigeria (CFN) and the Electricity Act (EA) 2023 as Amended.

The commission said that with the EA 2023, it retained the role of a central regulator overseeing interstate/international generation, transmission, supply, trading and system operations.

”The EA also mandates any state that intends to establish and regulate intrastate electricity markets to deliver a formal notification of its processes and requests to NERC.

“The request is to transfer regulatory authority over electricity operations to the state regulator.

”Based on this, the government of Plateau complied with the conditions precedent in the laws, duly notified NERC and requested the transfer of regulatory oversight of the intrastate electricity market,” it said.

According to the commission, the transfer order has certain provisions.

“It directed Jos Electricity Distribution (JED) to incorporate a subsidiary (JED SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Plateau from JED. It said that JED shall complete the incorporation of JED SubCo within 60 days from March 12.

“The sub-company shall apply for and obtain a licence for the intrastate supply and distribution of electricity from PSERC, among other directives.

”All transfers envisaged by this order shall be completed by September 12,” it said.

Plateau is the 11th state that has obtained NERC’s order of transfer of regulatory oversight.

The other 10 states include Enugu, Ekiti, Ondo, Imo, Oyo, Edo, Kogi, Lagos, Ogun, and Niger.

(NAN)