The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Kogi to Kogi State Electricity Regulatory Commission (KSERC).
NERC which revealed this on its X on Wednesday, said it was in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended).
NERC said: “Transfer of Regulatory Oversight of the Electricity Market in Kogi State to KSERC
“In compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), the Nigerian Electricity Regulatory Commission (“NERC” or the “Commission”) has issued an order to transfer regulatory oversight of the electricity market in Kogi State from the Commission to the Kogi State Electricity Regulatory Commission (KSERC).”
With the EA 2023, the said it now retains the role as a central regulator with regulatory oversight on the inter-state/international generation, transmission, supply, trading and system operations.
It said the EA also allows 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.
Bbased on this, the commission said the Government of Kogi State complied with the conditions precedent in the laws, duly notified NERC and requested for the transfer of regulatory oversight of the intrastate electricity market in Kogi State.
The order that announced the transfer said: “The transfer Order by NERC has the following provisions: “- Direct Abuja Electricity Distribution Company (AEDC) to incorporate a subsidiary (AEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Kogi State from AEDC. “- AEDC shall complete the incorporation of AEDC SubCo within 60 days from 13th September 2024.
The subcompany shall apply for and obtain licence for the intrastate supply and distribution of electricity from KSERC, among other directives. “All transfers envisaged by this order shall be completed by 12th March 2025.”.
