NERC transfers Akwa Ibom electricity regulation to state
NERC has transferred regulatory oversight of Akwa Ibom’s electricity market to the state, decentralising Nigeria’s power sector. Read More: https://punchng.com/nerc-transfers-akwa-ibom-electricity-regulation-to-state/
The Nigerian Electricity Regulatory Commission (NERC) has transferred the oversight of Akwa Ibom State's electricity market to the Akwa Ibom State Electricity Regulatory Commission (AKSERC). This move is part of the ongoing decentralization of Nigeria's power sector. The Port Harcourt Electricity Distribution Company Plc (PHEDC) will establish a subsidiary called PHEDC SubCo to take responsibility for electricity supply and distribution within the state.
NERC announced this development on Wednesday in a public notice on its X platform. The transfer is in line with the amended Constitution and the Electricity Act 2023. Currently, 17 states have received regulatory transfer orders, with Akwa Ibom becoming the latest. The transition to state regulation aims to bring power closer to consumers and state governments, allowing for tailored policies and investment attraction.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
