NERC ORDERS ENUGU TO REGISTER EEDC SUBSIDIARY WITHIN 60 DAYS
The Nigerian Electricity Regulatory Commission (NERC) is handing over control of electricity in Enugu State to the Enugu State Electricity Regulatory Commission (EERC). This follows a change in Nigerian law that allows states to regulate their own electricity markets. NERC
Why the Change?
- A recent amendment to the Nigerian Electricity Act (2023) NERC allows states to manage their own electricity sectors.
- Enugu State fulfilled the requirements to take control, prompting NERC to transfer oversight.
What Does This Mean for Enugu?
- A new subsidiary company, EEDC SubCo, will be created by the Enugu Electricity Distribution Company (EEDC) to handle electricity distribution within the state.
- EEDC SubCo will need to get a license from EERC to operate.
- The entire handover process, including transfers of assets and staff, should be completed by October 22nd, 2024.
Similar Situation in Ekiti State
NERC is also transferring control of Ekiti State’s electricity market to a newly formed state regulatory body.
This amendment granted legislative autonomy to federating states in the Federal Republic of Nigeria by empowering the sub-national governments to legislate on the generation, transmission and distribution of electricity within each respective state.
Section 2(2) of the EA, takes due legislative cognizance of the powers conferred on the federating states with the amendment to Paragraph 14{b) Part Il of the Second Schedule to the 1999 Constitution.
https://statisticss.com/2024/04/24/nerc-orders-enug…y-within-60-days/
Source: Techeconomy
