The Nigerian Electricity Regulatory Commission has completed the transfer of regulatory oversight to four states.
According to channelstv.com, NERC made this known on its X handle.
The electricity market regulator, noted that the states are now fully responsible for the regulation of their electricity markets.
There are currently 11 electricity distribution companies, namely: Abuja, Benin, Enugu, Eko, Ibadan, Ikeja, Kaduna, Kano, Jos, Port Harcourt, and Yola, aside from the 12th one, Aba Power Electric.
With the completion of the transfer of oversight in four states, the pre-existing market structures in Enugu, Benin, and Ibadan Discos have been adjusted.
It noted that it has begun the transfer of regulatory oversight to 10 states as of 10th January 2025.
In 2025, the other six states will incorporate their sub-companies to further change the electricity market structure.
The commission stated, “As of January 10, 2025, NERC has commenced the transfer of regulatory oversight to 10 states. Once the transfers are complete, the states will be responsible for regulating their electricity markets.
“The 10 states are Enugu; Ekiti; Ondo; Imo; Oyo; Edo; Kogi; Lagos; Ogun; and Niger. The transfers have been completed for four states, namely: Enugu, Ekiti, Ondo, and Imo, while six states are still in progress.”
The transfer, which is consequent upon the enactment of the 2023 Electricity Act, has altered the mode of operation that existed in the Nigerian Electricity Supply Industry since 2013.
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