NERC transfers regulatory oversight to PSERC

The Nigerian Electricity Regulatory Commission (NERC), has announced the transfer of regulatory oversight of the electricity market in Plateau State from the Commission to the Plateau State Electricity Regulatory Commission (PSERC).

NERC Remarks

The Commission said it’s in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended).

The EA 2023 mandates 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.

According to a statement issued by NERC, the Plateau State government, having complied with the conditions precedent in the laws, duly notified the commission and requested for the transfer of regulatory oversight of the intrastate electricity market in Plateau State.

With this transfer Order by NERC, the PSERC is now mandated to direct 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.

The 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 NSERC, among other directives.

NERC further noted that all transfers envisaged by this order shall be completed by 12th September 2025.

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.