By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: State Power Takeover: NERC Sets July 2025 Deadline for Electricity Market Control
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Energy & Oil

State Power Takeover: NERC Sets July 2025 Deadline for Electricity Market Control

Genesis Obong
By Genesis Obong
Published: March 14, 2025
Share
4 Min Read
Electricity Market Control, Electricity Bill
SHARE

The Nigerian Electricity Regulatory Commission (NERC) has issued a firm deadline: state electricity regulatory commissions must fully assume oversight of their respective electricity markets by July 2025, in a significant move towards decentralizing Nigeria’s power sector. This directive, revealed in a public notice concerning the transfer of regulatory oversight to Kogi State, underscores the Commission’s commitment to implementing the Electricity Act 2023, which empowers states to participate actively in electricity generation, transmission, and distribution.

To date, NERC has issued orders transferring regulatory oversight to ten states, including Lagos, Enugu, Ondo, Ekiti, Kogi, Oyo, Imo, Edo, Niger, and Ogun. While some states have already embraced their newfound regulatory authority, others are racing against the clock to meet the 2025 deadline. “While some have fully taken charge, the others have up till July 2025 to fully take over the oversight in their respective states,” NERC stated, emphasizing the urgency of the transition.

The Commission recently confirmed the readiness of Enugu, Ekiti, Ondo, and Imo states to manage their electricity infrastructure, marking a critical milestone in the transfer process. This move aligns with the Electricity Act 2023, signed by President Bola Ahmed Tinubu in February 2024, which aims to foster greater state and individual participation in the power sector.

A pivotal aspect of this transition is the requirement for states intending to regulate their intrastate electricity markets to formally notify NERC and request the transfer of regulatory authority. As highlighted in the case of Kogi State, the Kogi State Electricity Regulatory Commission (KSERC) has now officially taken over oversight, demonstrating the practical application of the Act’s provisions. “Kogi State Electricity Regulatory Commission (KSERC) has formally taken over oversight of the electricity market in the state in line with the provisions of the Electricity Act 2023,” NERC confirmed.

- Advertisement -

During a meeting in Abuja, NERC Chairman Sanusi Garba assured that the Commission remains committed to supporting KSERC and other state regulators. “NERC will keep an open door to assist KSERC in their information need to support their seamless operation,” Garba stated, emphasizing the importance of collaboration during this transitional phase.

Human Angle and Implication Analysis:

For many Nigerians, the promise of decentralized electricity regulation offers a glimmer of hope amidst persistent power shortages and unreliable service. The emotional toll of frequent blackouts and the economic disruption they cause are well-documented. By empowering states to manage their own electricity markets, the government aims to foster localized solutions that address the unique challenges faced by each region. This move potentially can improve energy access for rural and underserved areas, thereby stimulating local economies.

However, the success of this decentralization hinges on the capacity and readiness of state governments to effectively manage their electricity sectors. Issues such as funding, technical expertise, and regulatory frameworks must be addressed to ensure a smooth transition. As I consider the implications, I recognize that the potential for improved service delivery is significant, but it will require sustained effort and collaboration between NERC and state regulators.

- Advertisement -

The Electricity Act 2023 also opens the door to increased private sector participation, potentially attracting investments in renewable energy and innovative technologies. According to the World Bank, “Improved access to electricity is critical for economic growth and poverty reduction.” Therefore, the successful implementation of this Act could have far-reaching implications for Nigeria’s development trajectory.

The 2025 deadline serves as a crucial catalyst, urging states to accelerate their preparations and embrace their new regulatory responsibilities. As we move forward, monitoring the progress of these state regulators and their impact on electricity access will be essential.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:DecentralizationElectricity Act 2023Electricity RegulationEnergy SectorNERCState Power
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByGenesis Obong
Follow:
Genesis Obong is a Journalist with relevant experience in Business, Finance and Economic matters in Nigeria and across the West African space.
Previous Article Africa Currency Marketplace Africa Currency Marketplace: PAPSS to Revolutionize Cross-Border Trade
Next Article Nigeria GDP Growth Nigeria GDP Growth Forecasted Amid Tax Reforms

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities
News
Mike Ejeagha
Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95
News
Tinubu Welcomes Gov Eno to APC as Political Realignments Intensify Across States
Politics Top stories
Super Eagles Rally to Draw Against Russia in International Friendly
Sport
Manchester United Raises Annual Core Profit Forecast to Between £180m and £190m After Europa League Boost
Sport
- Advertisement -
Ad imageAd image

You May Also Like

Ange Postecoglou
Sport

Tottenham Hotspur Part Ways with Ange Postecoglou Despite Europa League Glory

Yusuf Abubakar
Yusuf Abubakar
June 6, 2025
News

Dangote Names Main Refinery Access Road “Bola Ahmed Tinubu Road” in Honor of President

Muhammad A. Aliyu
Muhammad A. Aliyu
June 6, 2025
L-R: Ify Okoye, Digital Creator; Linda Ejiofor-Suleiman, Actress; Stella Erebor, Head Internal Audit, Nigerian Communications Commission; Emanuella Samuel, Comedienne/Actress, Sylvia Musalagani, Safety Policy Manager, Africa, Middle East & Turkey (AMET), Meta, and Nicole Chikwe, founder of The Mummy Summit, during the launch of Instagram teen accounts in Lagos on Wednesday, June 4, 2025
Tech

Meta Launches Teen Accounts on Instagram in Nigeria to Enhance Online Safety for Young Users

Farouk Mohammed
Farouk Mohammed
June 6, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?