The Kogi State Electrical energy Regulatory Fee (KSERC) has formally assumed oversight of the electrical energy market in Kogi State, taking on from the Nigerian Electrical energy Regulatory Fee (NERC).
The announcement was made through NERC’s official X (previously Twitter) deal with on Wednesday.
This marks a big milestone within the state’s electrical energy governance in step with the provisions of the Electrical energy Act 2023.
The formal switch of regulatory authority was commemorated at a handover ceremony held on the NERC headquarters in Abuja.
Throughout the occasion, NERC Chairman Sanusi Garba expressed satisfaction with the transition course of, highlighting that KSERC officers had undergone intensive coaching by means of a twinning association with NERC.
He emphasised that this capacity-building initiative was designed to make sure a seamless transition and equip KSERC with the requisite experience to manage the electrical energy market successfully.
NERC assures KSERC of full cooperation
Garba reaffirmed NERC’s dedication to continued collaboration with KSERC, assuring that the nationwide regulatory physique will keep an open-door coverage to offer obligatory steerage and technical assist each time required.
- In his remarks, the Chairman of KSERC, Engr. Ibrahim Abdulwaris lauded NERC’s assist and the knowledge-sharing classes that facilitated the switch course of.
- He famous KSERC’s dedication to leveraging the established relationship for additional regulatory developments and fostering steady engagement with NERC.
- The Electrical energy Act of 2023 empowers NERC to devolve regulatory authority to state governments that meet the stipulated circumstances.
In response to him, this decentralization effort goals to reinforce operational effectivity and permit states to tailor regulatory frameworks to their distinctive electrical energy market wants.
10 states have taken possession of electrical energy markets
To this point, NERC has issued orders transferring electrical energy market oversight to 10 states. Whereas some states have totally assumed management, others have till July 2025 to finish their transitions.
With KSERC now on the helm of electrical energy regulation in Kogi State, stakeholders anticipate improved service supply, enhanced regulatory oversight, and a extra localized method to addressing sector challenges.
What you must know
Below the Act, NERC stays the central regulator overseeing interstate and worldwide electrical energy era, transmission, provide, buying and selling, and system operations.
In 2024, the Nigerian Electrical energy Regulatory Fee (NERC) transferred regulatory oversight to regional our bodies throughout a number of states, together with the Lagos Electrical energy Regulatory Fee (LASERC), Ekiti State Electrical energy Bureau (EERB), Ondo State Electrical energy Bureau (OSERB), and Ogun State to the Ogun State Electrical energy Regulatory Fee (OGERC) as reported by Nairametrics.
This shift goals to enhance effectivity by decentralizing administration, enabling extra localized oversight, and making certain faster responses to regional electrical energy wants.