NERC commences consultations on unbundling of TCN

The Nigerian Electricity Regulatory Commission at the weekend began consultation for the unbundling of the Transmission Company of Nigeria .

NERC, however, in its Document No: NERC/CP/2020/01, titled “Towards greater independence for the Electricity System Operator, ” indicated its readiness to balkanize the TCN. According to NERC, it is envisaged that at a time when the electricity industry is substantially privatised, the Act provides that the holder of the license for the two distinct regulated functions may transfer the system operations function to an Independent System Operator on such terms and conditions to be decided by the Nigerian Electricity Regulatory Commission .

recommend the degree of independence that may currently be granted to the systems operator without causing disruptions in market stability; Where the unbundling of the ISO function is considered appropriate, recommend a possible ownership model and governance structure; and Where the unbundling of the ISO function is considered premature, propose possible conditions precedent and timelines for a transition.

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