NERC transfers regulatory oversight to Imo

The Nigerian Electricity Regulatory Commission has issued an order transferring regulatory oversight of the electricity market in Imo to the Imo State Electricity Regulatory Commission, in compliance with the Electricity Act 2023.

According to the commission, the Government of Imo State has initiated the implementation of the provisions of the recent amendment to the constitution and the Electricity Act and complied with the conditions precedent in the laws mentioned above. Consequently, the commission directed the Enugu Electricity Distribution Company to incorporate a subsidiary under the Companies and Allied Matters Act for the assumption of responsibilities for the intrastate supply and distribution of electricity in Imo State from EEDC.

“EEDC shall create an Asset Register of all its power infrastructure located within Imo State; evaluate and apportion contractual obligations and liabilities attributable to EEDC’s operations of its subsidiary in Imo State; identify all the applicable trading points for energy offtake for the operations of EEDC SubCo in Imo State,” it ordered.

The register, it said, shall be delineated along the lines of authorised activities and use of the national grid for their activities. “ISERC shall confirm to the commission the contractual details for the supply of energy and capacity that shall supply EEDC SubCo in Imo State, and where reliance shall be made on the national grid or other interstate sources of generation; EEDC SubCo shall seek appropriate authorization/approval from the commission in accordance with the CFRN and EA,” the order read partly.

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