The Nigerian Electricity Regulatory Commission has announced the unbundling of the Transmission Company of Nigeria with the establishment of the Nigerian Independent System Operator of Nigeria Limited .
This decision follows the enactment of the Electricity Act 2023, which provided more precise guidelines for the incorporation and licensing of the independent system operator and the transfer of assets and liabilities of TCN's portion of the ISO. The newly formed company, to be named the Nigerian Independent System Operator of Nigeria Limited , will assume the market and system operation functions outlined in the Electricity Act and TCN's system operation licence.
Source: News Formal (newsformal.com)
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