Nigerian States Push for Decentralized Electricity Market to Improve Power Supply
The Forum of Commissioners of Power and Energy in Nigeria (FOCPEN) emphasizes the importance of a decentralized electricity market for ensuring reliable power supply across the country. They reveal that 23 states have passed enabling legislations to establish their electricity markets, following the passage of the Electricity Act.
The FOCPEN refutes claims of states retracting from power sector reforms, highlighting active engagement in market design and regulatory formation. The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight to 14 states, signaling progress towards a more decentralized and efficient electricity market structure.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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