By SUNDAY ABBA, Abuja
The Nigerian Electricity Regulatory Commission (NERC) has officially transferred regulatory oversight of the electricity market in Bayelsa State to the Bayelsa State Electricity Regulatory Agency (BYERA).
This was done in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 as Amended.
Accordingly, the Commission, based on the provisions of the EA 2023, retains the role as a central regulator with regulatory oversight on the inter-state/international generation, transmission, supply, trading, and system operations.
Thus, NERC, in an order issued to that effect, has directed the Port Harcourt Electricity Distribution Company Plc (PHED) to incorporate a subsidiary (PHED SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Bayelsa State from PHED.
According to a notice share on its social media handle, the Commission directed that “PHED shall complete the incorporation of PHED SubCo within 60 days from 21st August 2025”.
It also noted that the subcompany shall apply for and obtain licence for the intrastate supply and distribution of electricity from BYERA, among others.
NERC noted that “all transfers envisaged by this order shall be completed by 20th February 2026”.