Edo Assembly Repeals 1972 Law, Passes Bill to Liberalise Electricity Market – THISDAYLIVE

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Edo Assembly Repeals 1972 Law, Passes Bill to Liberalise Electricity Market The Edo State House of Assembly has passed a bill to repeal the Rural Electricity Board Law of 1972 to re-enact a new law that makes provision for the

The Edo State House of Assembly has passed a bill to repeal the Rural Electricity Board Law of 1972 to re-enact a new law that makes provision for the generation, transmission and distribution of electricity for the residents of Edo State, paving the way for the establishment of an electricity market in the The Assembly unanimously adopted all six parts of the bill during a session of the committee of the whole on Tuesday, July 19, 2022.

The passed bill provides for the liberalisation of the electricity market in the state, allowing for a more pragmatic approach to rural electrification and expansion of distribution infrastructure in the state. In the new regime, electricity providers in the state with Generation License, Independent Electricity Distribution Network License and Eligible Customer approval from the Nigerian Electricity Regulatory Commission would reap the full benefit of a liberalized electricity market.

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