The Nigerian Electricity Regulatory Commission, NERC, has completed the transfer of regulatory oversight to Enugu, Ekiti, Ondo and Imo states.

This transition, announced via NERC’s X handle on Monday, means that these states are now fully responsible for overseeing their electricity markets.

Currently, there are 11 electricity distribution companies, Abuja, Benin, Enugu, Eko, Ibadan, Ikeja, Kaduna, Kano, Jos, Port Harcourt, and Yola along with a 12th, Aba Power Electric.

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Following the transfer, adjustments have been made to the market structures in the Enugu, Benin, and Ibadan Discos.

Additionally, NERC disclosed  that it began transferring regulatory oversight to 10 more states as of January 10, 2025.

In the same year, six other states are expected to merge their sub-companies, leading to further changes in the electricity market structure.

Crediblenewsng.com