Skip to main content

NERC Hands Over Electricity Market Regulatory Oversight To Imo Govt

The Nigerian Electricity Regulatory Commission (NERC), has transferred regulatory oversight of the electricity market in Imo State to the State Electricity Regulatory Commission (ISERC), the commission said, yesterday.

Recall that NERC had earlier transferred regulatory oversight of the Enugu and Ekiti electricity market to the State’s Electricity Regulatory Commission.


The commission said that the transfer was in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN), and the Electricity Act 2023 (Amended)


It quoted the NERC as saying that it has issued an order to transfer regulatory oversight of the electricity market in Imo from the commission.

The commission said with the Electricity Act (EA) 2023, it retains the role as the central regulator with 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 to NERC.

 
“To transfer regulatory authority over electricity operations in the state to the state regulator.

“Based on this, the government of Imo complied with the conditions precedent in the laws, duly notified NERC and requested for the transfer of regulatory oversight of the intra-state electricity market to the state, ‘’ it said.


The transfer order by NERC had the following provisions:

“Direct Enugu Electricity Distribution Company (EEDC) to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intra-state supply and distribution of electricity in Imo from EEDC.

“The EEDC shall complete the incorporation of EEDC SubCo within 60 days from June 27.

“The sub company shall apply for and obtain a licence for the intra-state supply and distribution of electricity from ISERC, among other directives, ‘’ it said.

The commission in the statement said that all transfers envisaged by this order shall be completed by Dec. 31.

Popular posts from this blog

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate...
Read more

BREAKING: 2Baba Shot Dead In Rivers State

A notorious cult leader and the prime suspect in the brutal murder of the late Divisional Police Officer, SP Bako Angbashim, in the state, Gift Okpara, popularly referred to as 2Baba, has been reportedly killed in a police-led major security raid. The police and other security agencies were said to have conducted land and aerial raids at the identical hideout of the Iceland cult leader and his gang at Idu-Ekpeye in Ahoada East local government area of Rivers on Saturday, February 17. According to  The Nation , the Iceland cult leader was reportedly feared dead after the operation.   Recall that in September 2023, the late DPO was ambushed and captured by the cult group led by 2Baba in the Odiemudie community, Ahoada East LGA.   2Baba and his gang then took the DPO to the forest, where they killed him and dismembered his body. The cultists then filmed him. Another source, Obi, said he saw no less than 15 vehicles and an Armored Personnel Carrier (APC) during th...
Read more

Prominent Leaders Pay Tribute to Late Sen Ifeanyi Ubah, at Anambra Community Candlelight Procession in Awka

Hundreds of mourners, friends, well-wishers, media representatives, and party faithful gathered are presently at Emmaus House in Awka for a candlelight procession to honor the late Senator Ifeanyi Ubah.  Chief Egwuonwu in his speech expressed his deep grief over the loss of his friend and brother, Senator Ubah, saying it's hard to find words to convey his emotions. However, he says that he finds solace in the tremendous impact Senator Ubah had on the lives of those he encountered. Chief Owelle Mbaso, leader of Anambra Former Political Appointees in paying glowing tribute said that Senator Ubah led a life worthy of emulation. He said "he knew he wouldn't pass this way again,reason he ensured he impacted on several life's without expecting anything in return." Mr Linus Williams, BLord in a glowing tribute recounted how Late Senator Ubah helped him when he was wrongly accused of sponsoring terrorism. He said " even though I have not meet him or seen ...
Read more