Ekiti Govt hails transfer of regulatory oversight of Ekiti electricity market to state government

The Ekiti State Government has described the official transfer of regulatory oversight by the Nigerian Electricity Regulatory Commission to the Ekiti Electricity Regulatory Bureau as a remarkable milestone that would reduce bureaucratic bottlenecks in the efforts to ensure seamless supply and distribution of electricity in the state.

According to him, Benin Electricity Distribution Company and Ibadan Electricity Distribution Company PLC have been directed to incorporate subsidiaries to assume responsibilities for intrastate supply and distribution of electricity in the State from BEDC and IBEDC within 60 days. Olatunbosun explained further that the sub-companies would thereafter be expected to apply for and obtain licenses for the intrastate supply and distribution of electricity from EERB, among other directives.

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NERC transfers regulatory oversight of electricity market in Ekiti, OndoThe nation’s electricity market was previously centralised until the presidential assent to the amendment of relevant portions of the Nigerian Constitution last year.
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