By ABAH SUNDAY, Abuja
The federal government has suspended the transfer of electricity regulatory authority to state governments.
Minister of power Chief Adebayo Adelabu disclosed this while speaking at the 8th edition of the Africa Energy Market Place (AEMP) conference in Abuja on Friday.
Recalled that in line with Electricity Act 2023 , the Nigerian Electricity Regulatory Commission (NERC), in April this year,
transferred regulatory oversight of the electricity market in Enugu Ondo, and Ekiti States and the FCT to their resective electricity regulatory bureau (OSERB).
Adelabu explained that the transfer was being suspended due to the need for state governments and stakeholders in the power sector to properly understand what is required to operate an electricity market.
According to him, adequate understanding of the transfer of regulatory oversight of the electricity market to states is imperative for the survival and sustainability of the nation’s power sector.