The Nigerian Electricity Regulatory Commission, NERC, has announced the transfer of regulatory authority over Ogun State’s electricity market to the state’s electricity regulatory commission.
In a statement issued on Monday, NERC Chairman Sanusi Garba confirmed that the directive takes immediate effect, in line with provisions of the 2023 Electricity Act. The legislation empowers states to establish and manage intrastate electricity markets, provided they notify NERC and formally request the transfer of regulatory powers.
The order also enables the Ogun State Electricity Regulatory Commission to mandate neighbouring electricity distribution companies, known as DisCos, to establish subsidiaries for inter-state electricity supply.
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The commission had previously transferred regulatory oversight of the power market to Oyo, Imo, Edo, Ondo, Enugu, and Ekiti earlier this year, with Kogi following on August 21st.
Similarly, NERC issued an order to transfer the regulatory oversight in Lagos to the state electricity regulatory commission on December 19.
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