The Enugu State Electricity Regulatory Commission has assumed regulatory functions of the electricity market in the State, following the transfer of regulatory oversight by the Nigerian Electricity Regulatory Commission,NERC.
In a statement on the website on Monday, NERC said the transfer is in line with the amendment to the Constitution of the Federal Republic of Nigeria on the Electricity Act 2023.
The statement reads, “In compliance with the amended Constitution of the Federal Republic of Nigeria and the Electricity Act 2023 (Amended), the Nigerian Electricity Regulatory Commission has issued an order to transfer regulatory oversight of the electricity market in Enugu State from the Commission to the Enugu State Electricity Regulatory Commission.
“With the EA, the Commission retains the role as a central regulator with regulatory oversight on the inter-state/international generation, transmission, supply, trading and system operations.
“The EA also 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.”
It added that based on this, the Government of Enugu State complied with the conditions precedent in the laws by duly notifying NERC and requested for the transfer of regulatory oversight of the intrastate electricity market in Enugu State.
“NERC in the Order, made the following provisions: – Direct Enugu Electricity Distribution Company PLC to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Enugu State from EEDC.
“EEDC shall complete the incorporation of EEDC SubCo within 60 days from 22 April 2024 and the sub company shall apply for and obtain a licence for the intrastate supply and distribution of electricity from EERC, among other directives.
“All transfers envisaged by this order shall be completed by 22 October 2024.”