Nigerian Regulator Grants Six States Authority Over Electricity Markets

Nigeria’s Electricity Regulatory Commission (NERC) on Tuesday granted six states the authority to regulate their electricity markets, transferring oversight to newly established state-level agencies.

In a statement on social media platform X, formerly known as Twitter, NERC named Enugu, Ekiti, Ondo, Imo, Oyo, and Edo as the states authorized to manage their electricity sectors.

These states have each formed their own electricity regulatory bodies, which will now oversee market operations within their jurisdictions.

“This regulatory measure is referred to as the Order of Transfer of Regulatory Oversight of the Electricity Market in Oyo, Enugu, Edo, Imo, Ondo, and Ekiti States from NERC to the State Electricity Regulatory Commissions (SERC),” the statement said.

NERC had previously announced in April that it would cede regulatory oversight of Enugu, Imo, Ekiti, and Ondo states, effective May 1, 2024.