From David Onuoja, Abuja
The Honourable Minister of Power, Joseph Tegbe, has called on stakeholders in the Nigerian Electricity Supply Industry (NESI), to avoid actions that could jeopardized the decentralization of electricity market.
He made the call at a workshop held during the week saying, the Legal, Policy and Regulatory Harmonization between Federal and State Institutions on the Decentralization of NESI, must be followed accordingly.
Minister Tegbe added that, the Federal Government retains an important leadership role; while the State Governments now have expanded responsibilities. The Nigerian Electricity Regulatory Commission (NERC), will continue to regulate areas within its jurisdiction; and State regulators are emerging to supervise their respective markets.
Tegbe further stated that Transmission of electricity remains a national asset; as distribution companies will continue to serve millions of customers; while generation companies will continue to supply energy into the grid. Equally, private investors provide capital, while development partners provide technical support and Consumers remain at the heart of every decision.
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According to him, “none of these institutions exists in isolation. Our success is interconnected. This is why collaboration must become the defining principle of our decentralised electricity market.
“We must ensure collaboration rather than competition between institutions. We must build alignment instead of regulatory conflict. We must practice mutual respect instead of jurisdictional rivalry.
“The Electricity Act did not establish parallel electricity industries. It established complementary electricity markets operating within one national framework.
“Market participants should enjoy clarity, predictability and confidence wherever they choose to invest”, he stated.
