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BREAKING: NERC cedes regulatory oversight of Enugu electricity market to state government
The Nigerian Electricity Regulatory Commission (NERC) has ceded the regulatory oversight of the Enugu electricity market to the Enugu Electricity Regulatory Commission (EERC), which is owned by the state government with effect from May 1, 2024.
This is the first-ever transfer of regulatory powers from the NERC to a state government electricity regulator.
This disclosure is contained in a memo issued by NERC and signed by its Chairman, Sanusi Garba, and Commissioner Legal, Licensing and Compliance, Dafe Akpeneye, on April 22, 2024.
The policy shift may be in response to the earlier amendment of part of the constitution which removed the power sector from the exclusive legislative list with the Federal Government in sole control and decentralization of power generation, transmission and distribution to federating units.
The decentralization of the electricity market was achieved in March 2023 when former President Muhammadu Buhari assented to the amendment of relevant portions of Nigeria’s constitution.
This is a developing story…
