WATCH THE VIDEO HERE The Constitution Federal Republic of Nigeria (CFRN) through the Nigerian Electricity Regulatory Commission (NERC) has issued an order transferring regulatory oversight of the electricity market in Ogun State to the Ogun State Electricity Regulatory Commission (OGERC). This was made known in a statement on their official X (Twitter) page on Monday. This initiative follows the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 in compliance with the amended Constitution and under the provisions of the Electricity Act 2023, NERC retains its role as the central regulator with oversight over inter-state and international electricity generation, transmission, supply, trading, and system operations. The act further requires that any state seeking to establish and regulate its intrastate electricity market must formally notify NERC of its processes and request the transfer of regulatory authority to the state’s regulatory body. Following this mandate, Ogun State government fulfilled the legal requirements, formally notified NERC, and requested the transfer of regulatory oversight for the intrastate electricity market within the state. NERC has instructed that the distribution companies must complete the incorporation of these subsidiaries within 60 days from December 24, 2024, and apply for the necessary licenses from OGERC. The units are required to obtain the appropriate licenses to operate under the new regulatory framework by June 23, 2025. All transfers outlined in this order must be completed by June 23, 2025.
NERC transfers electricity oversight in Ogun to OGERC
