NERC transfers regulatory oversight of Enugu electricity market to state govt

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NERC noted that all transfers envisaged by this order should be completed by 22 October 2024

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In March last year, former President Muhammadu Buhari signed 16 constitutional amendment bills, one of which pertains to the devolution of powers concerning the national grid system. It also provided clarity on the powers of the federal government and states to generate, transmit, and distribute electricity.

The EPSRA provided the legal, regulatory and governance frameworks underpinning the Nigerian Electricity Supply Industry . With the new law, states would be able to issue licenses to private investors who can operate mini-grids and power plants, but such state licenses are not to extend to inter-state or transnational distribution of electricity.The commission, in its notice on Monday, explained that with the Electricity Act, it retains the role as a central regulator with regulatory oversight on the inter-state/international generation, transmission, supply, trading and system operations.

“The EA also mandates any state that intends to establish and regulate intrastate electricity markets to deliver a formal notification of its processes and requests NERC to transfer regulatory authority over electricity operations in the state to the state regulator,” the notice said.

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NERC transfers regulatory oversight of Enugu Electricity Market to EERCFollowing the Enugu State Electricity Law signed by Governor Peter Mbah and the recent constitution of the Enugu State Electricity Regulatory Commission, ESERC, by the Mbah administration, the Nigerian Electricity Regulatory Commission (NERC) has formerly transferred the regulatory oversight of the Enugu State electricity market to the state...
Fuente: DailyPostNGR - 🏆 11. / 59 Leer más »