NERC transfers regulatory oversight of Niger State electricity market to NSERC

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By Seun Ibiyemi

The Nigerian Electricity Regulatory Commission (NERC) has announced the transfer of regulatory oversight for the electricity market in Niger State to the Niger State Electricity Regulatory Commission (NSERC).

The announcement was made via NERC’s official X (formerly Twitter) handle on Friday.

This development aligns with the provisions of the Federal Republic of Nigeria’s amended Constitution and the Electricity Act 2023, which empowers states to regulate their electricity markets.

While NERC remains the central regulator overseeing inter-state and international electricity generation, transmission, supply, trading, and system operations, this transfer marks a significant step towards localised regulation of electricity markets within states.

The transfer order outlines specific directives to the Abuja Electricity Distribution Company (AEDC) and the Ibadan Electricity Distribution Company (IBEDC), which currently operate within Niger State:

AEDC is required to establish a subsidiary, AEDC SubCo, to handle intrastate electricity supply and distribution in Niger State.

The incorporation of AEDC SubCo must be completed within 60 days from January 10, 2024.