In furtherance of its statutory mandate of ensuring efficient and stable power generation and distribution in the country, the Nigerian Electricity Regulatory Commission (NERC) has transferred full regulatory oversight function to four states in the country.
The commission, in a Social media post on X on Tuesday, listed the affected states as Enugu, Ekiti, Ondo, and Imo, and that they were now fully responsible for overseeing their electricity markets.
According to the industry regulator, currently there are 12 Electricity Distribution Companies (DisCos) in the country, namely Abuja, Benin, Enugu, Eko, Ibadan, Ikeja, Kaduna, Kano, Jos, Port Harcourt, and Yola and Aba Power Electric.
Based on its latest initiative, the NERC stated that adjustments had been made to the market structures of Enugu, Benin, and Ibadan distribution companies and that effective from January 10 this year, it had commenced the transfer of regulatory oversights to 10 states
The X post reads: “NERC has commenced the transfer of regulatory oversight to 10 states.
“The remaining six states of Oyo, Edo, Kogi, Lagos, Ogun, and Niger are in the process of completing the transition.
“Once it is finalised, the states will begin to regulate their respective electricity markets.
“Within the year, the remaining six states are expected to incorporate their sub-companies, further reshaping the electricity market structure”, the commission added.
It maintained 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
