NERC transfers Akwa Ibom power sector oversight to state regulator
NERC has transferred regulatory oversight of Akwa Ibom’s electricity market to the state regulator, decentralizing Nigeria’s power sector. Learn more about Read More: https://punchng.com/nerc-transfers-akwa-ibom-power-sector-oversight-to-state-regulator/
The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of Akwa Ibom State's electricity market to the Akwa Ibom State Electricity Regulatory Commission (AKSERC). This transfer aligns with the decentralization of Nigeria’s power sector and the recent amendments to the Constitution and the Electricity Act 2023.
The Port Harcourt Electricity Distribution Company Plc (PHEDC) will establish a subsidiary, PHEDC SubCo, to assume responsibility for electricity supply and distribution within the state. NERC emphasized that while AKSERC will become the primary regulator of electricity activities within Akwa Ibom, it will continue to oversee interstate and international electricity operations.
The transition is expected to be completed by February 17, 2027, and the move is expected to alter the structure of electricity supply in the state.
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