NERC transfers Akwa Ibom power sector oversight to state regulator

The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Akwa Ibom State to the Akwa Ibom State Electricity Regulatory Commission (AKSERC). This move is part of the ongoing decentralisation of Nigeria’s power sector, with Akwa Ibom becoming the latest state to receive a transfer order for intrastate electricity regulation.

The Port Harcourt Electricity Distribution Company Plc (PHEDC) will establish a subsidiary, PHEDC SubCo, to take over responsibility for electricity supply and distribution within Akwa Ibom State. The transfer is in compliance with the amended Constitution of the Federal Republic of Nigeria and the Electricity Act 2023 (Amended).

With this latest transfer, the number of states that have received regulatory transfer orders has risen to 17, although the transition in Akwa Ibom is expected to be completed in February 2027. NERC will continue to regulate interstate and international electricity operations.

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