From David Onuoja, Abuja
The Nigerian Electricity Regulatory Commission (NERC), has said that the transitions of electricity market into the hands of its states regulatory body will enhance local market and brin investments into the country.
According to NERC, “under the Electricity Act 2023, 15 states have transitioned to regulating their own electricity markets”.
According to a statement issued and signed by the Nigerian Electricity Regulatory Commission (NERC), in Abuja today, said these transitions will improve, grow, and drive local market and investment in Nigeria with a robust customer protection.
“Their State Electricity Regulators (SERs), are now responsible for driving local market growth, investments and ensuring robust customer protection.
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The following are the timeline of their transitions: they are Enugu – 22nd October, 2024, Ekiti — 22 Oct 2024, Ondo — 23 Oct 2024, Imo — 31 Dec 2024, Oyo — 5 Feb 2025, Edo — 20 Feb 2025 and Kogi — 12 Mar 2025.
Others are, Lagos — 4 June 2025, Ogun — 23 June 2025, Niger — 9 July 2025, Plateau — 12 Sep 2025, Abia — 24 Dec 2025, Nasarawa — 3 Feb 2026, Anambra — 1 Jan 2026 and Bayelsa — 20 Feb 2026.
