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Family / Re: Should I Pack My parents Out Or Go To Rent My Own House? by chukwuoke(m): 10:54pm On Apr 28 |
T0T0Vulcanizer: As you say you no one be progressive in life. God's word is bitter in your life . Then prepare to meet shameful disgrace guy. You are stupid. |
Nairaland / General / NERC Cedes Regulatory Oversight Of Enugu Electricity Market To State Government by chukwuoke(m): 8:15am On Apr 23 |
NERC cedes regulatory oversight of Enugu electricity market to state government by Chike Olisah The Nigerian Electricity Regulatory Commission (NERC) has officially transferred regulatory oversight of the Enugu electricity market to the Enugu Electricity Regulatory Commission (EERC). This transfer, effective from May 1, 2024, marks the first time NERC has delegated such authority to a state-owned regulatory body. This strategic shift was detailed in a memo released by NERC, bearing signatures from its Chairman, Sanusi Garba, and Commissioner for Legal, Licensing, and Compliance, Dafe Akpeneye, dated April 22, 2024. State regulation of Electricity. These changes were set into motion in March 2023 when former President Muhammadu Buhari signed amendments to Nigeria’s constitution that removed power generation, transmission, and distribution from the exclusive legislative list, effectively ending the federal government’s sole jurisdiction over these areas. Under the new legal framework established by the Electricity Act 2023, states now have the authority to manage and regulate their electricity markets. The amended Paragraph 14(b) Part II of the Second Schedule to the 1999 Constitution empowers state governments to legislate on electricity provision within their territories. According to NERC, the Enugu Electricity Regulatory Commission (EERC) now holds the exclusive authority to set and adopt end-user electricity tariffs within Enugu State, tailoring these charges to local conditions and requirements While EERC manages local tariff methodologies, any electricity sourced from grid-connected plants and the related tariffs for generation and transmission services must still receive approval from the Nigerian Electricity Regulatory Commission (NERC), ensuring alignment with national energy policies. Ultimately, the final tariffs approved by EERC for consumers in Enugu will be definitive for the state, with the Enugu State Government responsible for supporting and implementing tariff-related policies, ensuring that electricity pricing is both fair and attuned to the specific needs of the state’s residents. The memo from NERC states, “This regulatory instrument may be cited as the Order of Transfer of Regulatory Oversight of the Electricity Market in Enugu State from NERC to the Enugu State Electricity Regulatory Commission (EERC). This Order shall take effect from May 1, 2024.” What this means for EEDC Under the new regulatory order, the Enugu Electricity Distribution Company PLC (EEDC) is mandated to establish a subsidiary, known as EEDC SubCo, under the Companies and Allied Matters Act. This subsidiary will be responsible for the localized supply and distribution of electricity exclusively within Enugu State. EEDC must finalize the incorporation of EEDC SubCo within 60 days from the order’s effective date, after which the subsidiary is required to secure a license from the Enugu Electricity Regulatory Commission (EERC) for its operations. Additionally, EEDC is tasked with clearly defining the geographical boundaries of its network within Enugu State, ensuring that it operates independently of networks in neighboring states by installing boundary meters at all crossing points. This move is aimed at establishing a self-contained and well-defined electricity distribution framework within the state, enhancing management and regulatory oversight. What this means in general The devolution of regulatory powers to states like Enugu represents a significant shift towards a more localized management of electricity services. This means that states can now tailor their energy policies to better suit the specific needs of their residents, promoting more efficient and sustainable energy use within their jurisdictions. Role of NERC Moving Forward: NERC will continue to play a pivotal role as the central regulator for inter-state and international electricity transactions, ensuring compliance with national standards and managing overarching issues that transcend state borders. This includes the regulation of large-scale power generation plants, high voltage transmission networks, and the overall system operation of the national grid. State Regulation Specifics: States will specifically regulate the generation, transmission, and distribution of electricity within their territories. This includes licensing local power projects, managing state-owned power assets, and overseeing retail electricity distribution and pricing. The states will also be responsible for promoting rural electrification projects and integrating renewable energy sources into their local grids. NERC’s move to cede control to EERC signifies a significant shift in Nigeria’s approach to energy regulation, potentially serving as a model for other states in the federation. Enhanced Market Participation The recent shift in regulatory control from the Nigerian Electricity Regulatory Commission (NERC) to state-level entities represents a monumental change in the landscape of Nigeria’s electricity sector. This transition, according to Odion Omonfoman, Chief Executive Officer of New Hampshire Capital Limited, heralds a new era of competition and localized management that could significantly enhance service delivery and foster economic growth. With the new regulations, states are empowered to license new entities as distribution and supply licensees. Omonfoman anticipates that this will lead to an increase in market participants. “This change is likely to spur a wave of local investments in state electricity markets, as investors seek opportunities within these newly regulated environments,” he stated. The implication is that with more players in the market, there will be greater innovation and investment, driving improvements in efficiency and service quality. Regarding the effects on existing utilities, Omonfoman believes that while they will continue to hold significant market presence, they will need to adapt to maintain their competitive edge. “State regulators will focus not on usurping business but on ensuring that these services are improved,” he noted. The objective is to push for better service delivery that surpasses current standards, which will benefit consumers by providing more reliable and potentially cost-effective electricity services. |
Crime / Re: Boko Haram Bomb Experts Surrender To Military In Borno by chukwuoke(m): 3:29pm On Apr 22 |
Dapromzy333: Very soon this one go enroll into the military. |
Food / Re: Why Is The Price Of Beer Cheaper In The North Compared To South (video) by chukwuoke(m): 3:27pm On Apr 22 |
LocalFARMERS: So you don't know that everything is costlier in the south. Because is down here that the government(Federal) is making her profits. 1 Like |
Health / Re: NAFDAC Bans Dex Luxury Bar Soap In Nigeria by chukwuoke(m): 6:49pm On Apr 16 |
HeatSeeker: Na una go banned later una no go ban again which kind official they do this job na? |
Politics / Re: N500m ‘Largesse’: I Received ₦266M - Senator Abaribe by chukwuoke(m): 10:38pm On Mar 13 |
Na only these senators can cause uproar in this country and from there liberation canes. |
Crime / Re: Police, Hunters Rescue 49 Kidnap Victims In Taraba by chukwuoke(m): 4:09pm On Feb 28 |
amoreobansu: Where are the pictures for evidence. Una no see army showcase their own when they go for rescue. Na so una go dey lie give us, or the victims say make una no snap them? |
Politics / Re: NASS Members Salary Cannot Take Them Home - Hon. Benjamin Kalu by chukwuoke(m): 9:35am On Feb 27 |
MrSundry: But it can take you guys to Europe banks. Una done start ooo. Na Buhari carry blame game come from start to finish yet he can't achieve a spoon. 6 Likes |
Food / Re: See Wine I Bought For ₦5000 In Abuja by chukwuoke(m): 11:07am On Feb 26 |
jeromestarks: Una they produce wine,na everything person go carry post here? |
Politics / Re: "Nigeria Reaping The Benefits Of Reform" - Ministry Of Information by chukwuoke(m): 11:03am On Feb 26 |
Pogba12: No be to show us charts up and down make we see the benefits on us citizens. |
Business / Re: FG Stops Export Of Cooking Gas To Reduce Price by chukwuoke(m): 3:34pm On Feb 22 |
politicoNG: When they are exporting weren't they inform before. You say Igbo's are in love of money this money syndrome is every were. The federal government can't think of her citizens of doing okay what they thing is the money that will come for the politicians to steal. Shame on this government very soon you all politicians destroying this country cup will fill. |
Politics / Re: Give Tinubu More Time To Solve Challenges – Gowon by chukwuoke(m): 11:19pm On Feb 21 |
Ebinpiawazuu: This man done join the train oooo |
Politics / Re: Edo: Kabaka-led Youths Besiege APC Secretariat, Back Idahosa by chukwuoke(m): 4:39pm On Feb 19 |
politicoNG: You be the one to back same you go open lamentations book. |
Foreign Affairs / Re: Israeli Special Forces Raid Nasser Hospital In Gaza by chukwuoke(m): 10:36am On Feb 16 |
Celebrities / Re: Ned Nwoko Surprises Wife Regina Daniels With Lexus Bulletproof SUV Val's Gift by chukwuoke(m): 10:37pm On Feb 14 |
thisweekng: Una vote this man for senate abi? Make una dey watch ooo, constituency project money done start to work ooo. Naija. |
Politics / Re: Bwala: President Tinubu Is Better Than UK Prime Minister, Rishi Sunak by chukwuoke(m): 12:03am On Feb 13 |
nairavsdollars: |
Celebrities / Re: Teni In Tears After Super Eagles Lost To Ivory Coast (Video) by chukwuoke(m): 12:40pm On Feb 12 |
DanArewaci: She dey show us now make we do watin? Make she channel the cry for hard ship ooo. |
Politics / Re: Nigeria Will Become Net Exporter Of Food, Says Tinubu by chukwuoke(m): 8:53am On Feb 12 |
Paraman: Mr president make we first see food eat and be able to save some money. Oga presudent |
Politics / Re: Nigeria’s Food Cheapest In West Africa, Say Governors by chukwuoke(m): 9:37am On Feb 06 |
Islie: You guys always like comparing us with other country when it comes to hardship. You never compare on good leaving. Make una mind una self ooo 2 Likes |
Politics / Re: President Tinubu Celebrates Super Eagles Victory Against Angola (Video) by chukwuoke(m): 8:33am On Feb 03 |
Gistmedia10: Mr president see how food plenty for table as you enter go France the people you dey leadership are quashing in hunger seriously. This man! |
Politics / Re: Customs Generated N3.21Trillion In 2023, Targets N5.08 Trillion In 2024 by chukwuoke(m): 7:29am On Feb 02 |
Tabithatim: At the expense of the masses. All what this body does is to generate but not thinking the impact and extortion they offer to the masses. Shame! 2 Likes |
Politics / Re: JAMB under Oloyede made ₦50 Billion for FG in one year — Shettima by chukwuoke(m): 8:07am On Feb 01 |
AnonPoet: All what you people are thinking is how much they make. The way them take got it not una concern. Imagine a body control by federal government has increase fees for registration. How would the parents coup with the harsh economic crises? People are suffering in country. |
Celebrities / Re: US-Based Artistes, Esquare Accuse Portable Of Assaulting & Stealing From Them by chukwuoke(m): 7:39pm On Jan 26 |
officialwdhtv: |
Romance / Re: 'This Guy Tricked Me From Calabar To Umuahia, Slept With Me And Ran Away' – Lady by chukwuoke(m): 6:51pm On Jan 23 |
WebOracle: |
Health / Re: Drama As Hospital Returns Patient To Husband’s Shop In Ibadan (pic) by chukwuoke(m): 6:37pm On Jan 19 |
2mercy: No human sympathy at all. Government has to demolish the hospital at once ooo. There is no human sympathy in any sense. Those who took such decisions are heartless and ruthless. It in this kind of hospital they sacrifice ones life in place of money. Please let all the necessary bodies swing into punishable action against this hospital and her staff. 1 Like |
Politics / Re: Buhari Apologises For Hard Decisions During His Tenure At Adesina’s Book Launch by chukwuoke(m): 8:44pm On Jan 16 |
ijustdey: You are doing because you think before now every Nigerians would be dead. Bad heart man |
Politics / Re: Ex-Minister Pantami’s Friend Donates ₦50M To Rescue 5 Sisters Kidnapped In Abuja by chukwuoke(m): 10:06pm On Jan 14 |
dre11: Na lie this Pantani man you donate the money. Abi you done become person PA to your friend in information broadcasting? |
Politics / Re: Nasara James Dabo With IQ In Top 1% Globally: Hailed By Shehu Sani by chukwuoke(m): 4:10pm On Jan 11 |
NLCreator: Yea is what we need in this country not killings and hatred. God bless her dreams. Amen 1 Like 1 Share |
Religion / Re: Why Are Nigerians So Religious But Corrupt? by chukwuoke(m): 3:48pm On Jan 11 |
Siberia01: My man there. We suppose change ourselves before going to church. That is the easiest way of making money now. |
Politics / Re: Give Betta Edu A Second Chance — Femi Pedro by chukwuoke(m): 9:59pm On Jan 10 |
adesegun121: Na una no like better for less privilege in this country. Na you asked her to divert that money abi. EFCC see her bad advicers,do the needful abeg. |
Education / Re: WAEC: Computer-based Test Will Lead To Mass Failure In Northern Nigeria by chukwuoke(m): 11:47am On Jan 06 |
DamnnNiggarr: Upon the presidents and vice and NNPCL chairman, Dangote among riches in Africa, Bua is there, all the important agencies in Nigeria una they heard every thing yet you are still talking nonsense hear. Any thing one is doing that is not clean will obviously bear bad fruits. All of these northerners anything you want is with absolutely force. See you guys are killing and destroying people in the south and middle belts. Shettima will come out to say nonsense. Is it not same people or students who will go and vote massively during national elections? Abeg spare us the trash above and let the country move,thieves. |
Business / Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by chukwuoke(m): 2:21pm On Dec 28, 2023 |
thisweekng: Do they have enough for the masses? |
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