Mohammed Shosanya
The Nigerian Electricity Regulatory Commission (NERC) has granted authorisation to six additional states—Enugu, Ekiti, Ondo, Imo, Edi and Oyoto regulate their electricity markets in the country.
In a statement,the commission said the move allows these states to set up their own electricity regulatory agencies, which will oversee the electricity market within their jurisdictions.
This development follows NERC’s recent transfer of regulatory functions to the Edo State Electricity Regulatory Commission (ESERC), aligning with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended).
Under the amended law, NERC maintains its role as the central regulator for interstate and international electricity generation, transmission, supply, trading, and system operations,the statement said.
The Electricity Act 2023 also allows states to regulate intrastate electricity markets.
