| Work Detail |
Electricity supply industry operators in Nigeria and state officials met in Lagos this week to chart a way forward to implement the Electricity Act 2023,
The Act gives states, businesses, and citizens the right to generate, transmit and distribute electricity within their respective borders.
This means the federal government no longer has a monopoly over the sector and private investment is encouraged.
States can regulate their electricity markets by issuing licences to private investors who can operate mini-grids and power plants within the state.
However, the Act precludes interstate and transnational electricity distribution,
At present, only Lagos, Edo and Kaduna states have electricity market laws.
They can therefore regulate their markets.
As for the other 33 states, the Nigerian Electricity Regulatory Commission (NERC) wi continue to regulate their electricity generation and transmission until they set up statutory frameworks. |
