The Nigerian Electricity Regulatory Commission has successfully handed over regulatory control to four states: Enugu, Ekiti, Ondo, and Imo. This transfer marks a shift in the responsibility for regulating their respective electricity markets to these states. As of January 10, 2025, NERC has initiated the process of transferring oversight to a total of 10 states. The 10 states include Enugu, Ekiti, Ondo, Imo, Oyo, Edo, Kogi, Lagos, Ogun, and Niger. Currently, the transfer has been completed for Enugu, Ekiti, Ondo, and Imo, while progress is ongoing for the remaining six states.
This transition follows the implementation of the 2023 Electricity Act, which has brought about changes in the operational framework of the Nigerian Electricity Supply Industry since 2013. The electricity market comprises 11 Distribution Companies (DisCos): Abuja, Benin, Enugu, Eko, Ibadan, Ikeja, Kaduna, Kano, Jos, Port Harcourt, and Yola DisCos, along with Aba Power Electric as the 12th. The completion of the regulatory transfer in the initial four states has led to adjustments in the existing market structures of Enugu, Benin, and Ibadan DisCos. By the year 2025, the remaining six states are expected to integrate their subsidiary companies, further reshaping the electricity market landscape.