• About Us
  • Privacy Policy
  • Contact Us
  • Advertise With Us
  • Home
Metrowatchonline
Sunday, August 24, 2025
  • Home
  • News
  • Security
  • World
No Result
View All Result
  • Home
  • News
  • Security
  • World
No Result
View All Result
Metrowatchonline
No Result
View All Result
Home Business

NERC Transfers Regulatory Oversight of Electricity Market to Edo Agency | METROWATCH

This is contained in a document posted on the commission’s website, a copy of which was obtained by the News Agency of Nigeria (NAN) in Abuja on Wednesday.

Emmanuel Babs by Emmanuel Babs
August 21, 2024
in Business, Highlights, Top News
0
NERC Transfers Regulatory Oversight of Electricity Market to Edo Agency | METROWATCH

The Nigerian Electricity Regulatory Commission (NERC) has transfered regulatory oversight of the electricity market in Edo to the State Electricity Regulatory Commission (ESERC).

This is contained in a document posted on the commission’s website, a copy of which was obtained by the News Agency of Nigeria (NAN) in Abuja on Wednesday.

The commission recalled that with the Electricity Act (EA) 2023, NERC retained the role as a central regulator 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 request to NERC.

ALSO READ...

2027: I’ll Return Fuel Subsidy if Elected, Says ADC Presidential Aspirant, Kachikwu

NAF Neutralizes over 35 Terrorists Near Nigeria-Cameroon Border

“The aim is to transfer regulatory authority over electricity operations in the state to the state regulator,’’ it said.

The commission said that based on this, the government of Edo complied with the conditions precedent in the laws, duly notified NERC and requested for the transfer of regulatory oversight of the intrastate electricity market to the state.

The commission said that the transfer order has the following provisions:

“Direct Benin Electricity Distribution Company (BEDC) to incorporate a subsidiary (BEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Edo from BEDC.

“The company shall complete the incorporation of BEDC SubCo within 60 days from Aug. 21, 2024.

“The sub company shall apply for and obtain licence for the intrastate supply and distribution of electricity from ESERC among other directives,’’ it said.

The commission said that all transfers envisaged by this order should be completed by Feb. 20, 2025.

(NAN)

Previous Post

Tinubu, Like ex-President Reagan, will Prove Doubters Wrong, Says IMPI | METROWATCH

Next Post

Northern Nigeria’s Existential Crisis: A Call for Urgent Leadership and Collective Action, OPINION By Dauda Abdullahi | METROWATCH

Emmanuel Babs

Emmanuel Babs

Related Posts

Dumebi Kachikwu

2027: I’ll Return Fuel Subsidy if Elected, Says ADC Presidential Aspirant, Kachikwu

August 23, 2025
NAF

NAF Neutralizes over 35 Terrorists Near Nigeria-Cameroon Border

August 23, 2025
Adeyanju

Why Peter Obi C an’t be Nigerian President, Says Deji Adeyanju

August 23, 2025
Gov Okpebholo Issues Ultimatum to Cultists to Leave Edo State

Gov Okpebholo Issues Ultimatum to Cultists to Leave Edo State

August 23, 2025
Why My Son Will Never Play for Nigeria, Says Taribo West

Why My Son Will Never Play for Nigeria, Says Taribo West

August 23, 2025
Abavo Community Weeps over Kidnapping, Laments 10 Years Neglect of Agbor – Amukpe Road Project

Abavo Community Weeps over Kidnapping, Laments 10 Years Neglect of Agbor – Amukpe Road Project

August 23, 2025
Next Post
Northern Nigeria’s Existential Crisis: A Call for Urgent Leadership and Collective Action, OPINION By Dauda Abdullahi | METROWATCH

Northern Nigeria's Existential Crisis: A Call for Urgent Leadership and Collective Action, OPINION By Dauda Abdullahi | METROWATCH

  • About Us
  • Privacy Policy
  • Contact Us
  • Advertise With Us
  • Home

© 2024 Metrowatch Online Published by Miraculous Media Connect Limited. All rights reserved

No Result
View All Result
  • Home
  • News
  • Security
  • World

© 2024 Metrowatch Online Published by Miraculous Media Connect Limited. All rights reserved

Go to mobile version