The Nigerian Electricity Regulatory Commission (NERC) has announced the completion of the transfer of regulatory oversight for electricity markets to four states.
In a statement posted on its X (formerly Twitter) handle on Monday, NERC identified the states as Enugu, Ekiti, Ondo, and Imo.
The commission noted that these states are now fully responsible for regulating their respective electricity markets.
Currently, there are 11 electricity distribution companies (Discos) in Nigeria: Abuja, Benin, Enugu, Eko, Ibadan, Ikeja, Kaduna, Kano, Jos, Port Harcourt, and Yola, alongside the 12th, Aba Power Electric.
Following the transfer, the market structures of the Enugu, Benin, and Ibadan Discos have been adjusted. NERC also disclosed that as of January 10, 2025, it has begun transferring regulatory oversight to 10 states.
The commission added that six additional states will incorporate sub-companies later in 2025 to reshape the electricity market structure further. Once the process is complete, these states will be responsible for regulating their electricity markets.
“The 10 states are Enugu; Ekiti; Ondo; Imo; Oyo; Edo; Kogi; Lagos; Ogun; and Niger. The transfers have been completed for four states, namely Enugu, Ekiti, Ondo, and Imo, while six states are still in progress.”
The transfer, which is consequent upon the enactment of the 2023 Electricity Act, has altered the mode of operation that existed in the Nigerian Electricity Supply Industry since 2013.