From David Onuoja, Abuja
Nigerian Electricity Regulatory Commission (NERC), has announced the transfer of Electricity market oversight to Plateau State Electricity Regulatory Commission (PSERC).
In a statement issued on Friday by the Commission, NERC said, in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN), and the Electricity Act 2023 (Amended), that the NERC or the “Commission”, has issued an order to transfer regulatory oversight of the electricity market in Plateau State, from the Commission to the Plateau State Electricity Regulatory Commission (PSERC).
Recall that with the EA 2023, the Commission retains the role as a central regulator with regulatory oversight of inter-state/international generation, transmission, supply, trading and system operations.
The Electricity Act also mandated 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.
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Based on this, the Government of Plateau State, NERC said, has 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 Plateau State.
The transfer Order by NERC has directed Jos Electricity Distribution Plc (JED), to incorporate a subsidiary (JED SubCo), to assume responsibilities for intrastate supply and distribution of electricity in Plateau State from JED.
That JED shall complete the incorporation of JED SubCo within 60 days from 12th March 2025. The subcompany shall apply for and obtain licence for the intrastate supply and distribution of electricity from PSERC, among other directives.
And that All transfers envisaged by this order shall be completed by 12th September 2025. Saying that the complete Order is on the Commission’s website.
