The Abuja Electricity Distribution Plc (AEDC) has transitioned into a holding company (HoldCo) structure as part of efforts to adapt to Nigeria’s decentralised electricity regulatory framework introduced by the Electricity Act 2023.
The development was disclosed in a statement published on the AEDC website on Monday.
The company said the restructuring is aimed at improving operational agility, strengthening corporate governance, and enhancing electricity service delivery across its franchise areas amid evolving state-level regulations.
The transition reflects broader changes in Nigeria’s power sector following the Electricity Act 2023, which empowers state governments to establish independent electricity markets and regulatory commissions.
AEDC said the new structure positions it to operate more efficiently while responding to varying regulatory requirements across the states it serves.
AEDC said the HoldCo structure is a direct response to recent regulatory changes and will allow it to align more effectively with state electricity markets.
The AEDC also disclosed that it incorporated two new subsidiary companies — Niger Electricity Distribution Company and the Kogi Electricity Distribution Company — as part of the transformation.
The restructuring follows the enactment of the Electricity Act 2023, which decentralised Nigeria’s electricity regulation by allowing states to set up their own electricity markets and regulatory bodies.
AEDC currently serves the Federal Capital Territory (FCT) and parts of Niger, Kogi, and Nasarawa states.