Four states get full electricity regulatory oversight — NERC
The Nigerian Electricity Regulatory Commission has completed the transfer of regulatory oversight to four states.
The states are Enugu, Ekiti, Ondo, and Imo, which are now fully responsible for the regulation of their electricity markets.
NERC made this known on its X handle on Monday, noting it has begun the transfer of regulatory oversight to 10 states as of 10th January 2025.
NERC 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.
States and paucity of FDI
“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 (2023 EA), has altered the mode of operation that existed in the Nigerian Electricity Supply Industry since 2013.
There have been 11 electricity Distribution Companies (DisCos), namely: Abuja DisCo, Benin DisCo, Enugu DisCo, Eko DisCo, Ibadan DisCo, Ikeja DisCo, Kaduna DisCo, Kano DisCo, Jos DisCo, Port Harcourt DisCo, and Yola DisCo, 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 DisCo, Benin DisCo, and Ibadan DisCo have been adjusted.
In time, in 2025, the other six states will incorporate their sub-companies to further change the electricity market structure.
