Governor Ademola Adeleke of Osun State has announced his administration’s intentions to develop a plan of action for the electricity market policy and legislation in the state.
This follows the recent signing into law of a constitutional amendment granting state governments the power to regulate the electricity market within their jurisdiction.
In a statement issued by his spokesperson, Governor Adeleke directed the establishment of a technical committee tasked with preparing a state policy plan for the management of the power sector in Osun State.
The committee’s objective is to develop a comprehensive plan that will form the basis for the Osun State Electricity Market Policy. Additionally, the committee will draft an executive bill named the Osun Electricity Act.
The governor’s initiative aims to enhance the management and regulation of the electricity market in Osun State, ensuring improved access to reliable and affordable electricity for the residents.
The statement read, “The new policy will also include the creation of Osun State Electricity Regulatory Commission to issue licences to private firms ready to engage in power production and regulate interface among operators within the power sector from the power generators, distributors and the consumers.
“The planned policy will also facilitate private sector investment in the state electricity sector, encourage alternative energy sources, from renewable to other green power sources.”
It noted that another part of the plan is to electrify Osun programmes to ensure all towns and villages in Osun are provided with power supply from mini-dams to other sources of energy.
“The governor, who promised to inaugurate the committee soon, also expressed the intention of his administration to seek the support of the National Electricity Regulatory Commission on the state electricity market plans,” the statement added.
