The Federal government has approved the transfer of regulatory oversight of the Enugu electricity market to the State Electricity Regulatory Commission.
The Nigerian Electricity Regulatory Commission (NERC), in a statement, said that the transfer was in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended).
The commission, however, said with the Electricity ACT (EA), it retains the role as central regulator with regulatory oversight on the inter-state and international generation, transmission, supply, trading and system operations.
It further said the EA also mandates any state that intends to establish and regulate intrastate electricity markets to deliver a formal notification of its processes.
The statement also said that the state has to request NERC to transfer regulatory authority over electricity operations in the state to the state regulator and that the state had complied with the conditions.
