NERC transfers regulatory functions to five more states

The Nigerian Electricity Regulatory Commission (NERC) has authorised five more states to regulate their electricity markets.

This was contained in a statement by the electricity regulatory body on Wednesday.

The five additional states authorised to regulate their electricity market are Ekiti, Oyo, Ondo, Imo and Enugu.

According to NERC, the states have set up electricity regulatory agencies, and will now regulate the electricity market in their respective states.

Last week, NERC transferred function to the Edo State Electricity Regulatory Commission (ESERC).

NERC said this is in line with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended).

With the Electricity Act 2023, NERC retained the role of a central regulator with regulatory oversight on the inter-state/international generation, transmission, supply, trading and system operations.

The Electricity Act mandates any state that plans to establish and regulate intrastate electricity markets to deliver a formal notification of its processes.

Also, the state is expected to send a request to NERC transfer regulatory authority over electricity operations in the state to the State Regulator.