{"id":144205,"date":"2024-08-28T15:37:50","date_gmt":"2024-08-28T14:37:50","guid":{"rendered":"https:\/\/newsdigest.ng\/?p=144205"},"modified":"2024-08-28T15:37:50","modified_gmt":"2024-08-28T14:37:50","slug":"nerc-delegates-regulatory","status":"publish","type":"post","link":"https:\/\/thepublicpulse.ng\/?p=144205","title":{"rendered":"NERC Delegates Regulatory Authority to Five More States"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The Nigerian Electricity Regulatory Commission (NERC) has granted regulatory authority to six additional states\u2014Enugu, Ekiti, Ondo, Imo, and Oyo\u2014allowing them to oversee their electricity markets independently.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"> In a statement released on Wednesday, NERC confirmed that these states have established their own electricity regulatory agencies and will now manage the electricity markets within their respective territories.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"> This move follows last week&#8217;s announcement by Channels Television that NERC had transferred regulatory functions to the Edo State Electricity Regulatory Commission (ESERC).<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">NERC emphasized that this decision aligns with the recently amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"> Under the amended legislation, NERC retains its role as a central regulator with oversight responsibilities for inter-state and international generation, transmission, supply, trading, and system operations.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The Electricity Act 2023 also stipulates that any state intending to establish and regulate its intrastate electricity market must formally notify NERC of its processes and request the transfer of regulatory authority to the state&#8217;s regulatory agency.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian Electricity Regulatory Commission (NERC) has granted regulatory authority to six additional states\u2014Enugu, Ekiti, Ondo, Imo, and Oyo\u2014allowing them to oversee their electricity markets independently. In a statement released on Wednesday, NERC confirmed that these states have established their own electricity regulatory agencies and will now manage the electricity markets within their respective territories. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":144212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[18],"tags":[422],"class_list":{"0":"post-144205","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-nerc"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NERC Delegates Regulatory Authority to Five More States - The Public Pulse<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thepublicpulse.ng\/?p=144205\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NERC Delegates Regulatory Authority to Five More States - The Public Pulse\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Electricity Regulatory Commission (NERC) has granted regulatory authority to six additional states\u2014Enugu, Ekiti, Ondo, Imo, and Oyo\u2014allowing them to oversee their electricity markets independently. In a statement released on Wednesday, NERC confirmed that these states have established their own electricity regulatory agencies and will now manage the electricity markets within their respective territories. 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