In a significant development, the Nigerian Electricity Regulatory Commission (NERC) has granted the Imo State Electricity Regulatory Commission (ISERC) regulatory control over the electricity market in Imo State, effective July 1, 2024.
This decision is in line with the provisions of the Electricity Act 2023, which allows states to take ownership of their electricity markets.
NERC Chairman Sanusi Garba signed the order, following a request from the Imo State government.
As a result, the Enugu Electricity Distribution Company (EEDC) is required to establish a subsidiary, EEDC SubCo, to manage intrastate electricity distribution within Imo State. The subsidiary must be incorporated within 60 days and obtain a license from ISERC.
With this development, Imo State becomes the fourth state to gain regulatory authority over its electricity market, joining Enugu, Ondo, and Ekiti states.”
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