The Nigerian Electrical energy Regulatory Fee (NERC) has issued an order transferring regulatory oversight of the electrical energy market in Kogi to the state’s electrical energy regulatory fee (KSERC).
In an order on September 18, the fee stated the directive would take impact instantly.
In line with NERC, the switch complies with the amended Structure of the Federal Republic of Nigeria (CFRN) and the Electrical energy Act 2023 (Amended).
“Recall that with the EA 2023, the fee retains the position as a central regulator with regulatory oversight on the inter-state/worldwide technology, transmission, provide, buying and selling and system operations,” NERC stated.
“The EA additionally mandates any state that intends to determine and regulate intrastate electrical energy markets to ship a proper notification of its processes and requests NERC to switch regulatory authority over electrical energy operations within the state to the State Regulator.
“Based mostly on this, the Authorities of Kogi State complied with the situations precedent within the legal guidelines, duly notified NERC and requested for the switch of regulatory oversight of the intrastate electrical energy market in Kogi State.”
Additionally, NERC directed the Abuja Electrical energy Distribution Firm (AEDC) to include a subsidiary (AEDC SubCo) to take over duties for intrastate provide and distribution of electrical energy in Kogi state from AEDC.
“AEDC shall full the incorporation of AEDC SubCo inside 60 days from thirteenth September 2024,” NERC stated.
The fee stated the sub-company would apply for and acquire a licence for the intrastate provide and distribution of electrical energy from KSERC.
In line with the order, all transfers envisaged could be accomplished by March 12, 2025.
On April 22, Enugu and Ekiti states acquired approval from NERC to manage their electrical energy markets.
A day after, the regulator additionally transferred oversight of the electrical energy market in Ondo to the state’s electrical energy regulatory bureau.
On July 1, the fee transferred regulatory oversight of the ability market in Imo to the state’s electrical energy regulatory fee.
Additionally, NERC transferred regulatory oversight of the electrical energy market in Oyo to the state’s electrical energy regulatory fee on August 5.
Virtually three weeks later, regulatory oversight of the electrical energy market in Edo was transferred to the state’s electrical energy regulatory fee (ESERC).
