Anambra State Introduces New Electricity Regulatory Bills

The Anambra State Electricity Regulatory Commission (ASERC) introduced four new regulatory bills designed to enhance electricity supply in Anambra State. The signing ceremony occurred at the Old Government House in Awka on Tuesday, with ASERC Chairman Prof. Frank Nwoy Okafor overseeing the event.

Governor Prof. Chukwuma Soludo emphasized the importance of these regulations in breaking down monopolies in the electricity distribution sector, particularly targeting First Power Electricity Distribution Company and its subsidiary, Enugu Electricity Distribution Company. The new laws aim to establish a transparent and equitable energy landscape, ensuring compliance within the state's electricity market.

Okafor highlighted that these regulations are not merely conclusive but part of an ongoing regulatory process to protect consumer rights and attract sustainable investment in the electricity sector. The four regulatory instruments include business rules, custom protection regulations, licensing regulations, and investment regulations, all intended to create a conducive environment for investors and improve the overall electricity supply in Anambra.