Nigerian Electricity Regulatory Commission Act

The electric power sector reform act 2005 established the nigerian electricity regulatory commission nerc with regulatory powers in the electricity industry.

Nigerian electricity regulatory commission act.

14 of 1998 1 2nd july 1998 1. 6 of 2005 the nigerian electricity regulatory commission makes the following regulations on feed in tariff for renewable. Application means an application for a licence or for an amendment renewal or extension of the tenure of a licence under the act. The powers of the nerc are tariff setting and regulation supervision of the market rules performance monitoring and generally overseeing the orderly transformation of the power sector.

To provide for the licensing and regulation of the. Nigerian electricity regulatory commission nerc is an independent regulatory body with authority for the regulation of the electric power industry in nigeria. The electricity regulatory commissions act 1998 no. The electric power sector reform act 2005 the act mandates the nigerian electricity regulatory commission to among other things regulate prices and tariffs and issue licences for electricity generation transmission distribution exports and imports and trading activities.

Power sector in nigeria by offering a reader friendly non technical interpretation of the legal and regulatory provisions of the nigerian electricity sector for all categories of readers. The energy sector is an interconnected trinity oil gas and electricity. Gabriel suswan chairman senate committee on power stated this in abuja on monday when he led members of the committee on an oversight visit to. Act means the electric power sector reform act 2005.

Published in the gazette of india extraordinary part ii sec. 1 dated 2nd july 1998 w e f. Nigerian electricity regulatory commission in exercise of the powers to make regulations conferred by section 32 1 and 96 of the electric power sector reform act 2005 act no. An act to provide for the formation of companies to take over the functions assets liabilities and staff oftionalthe na electric power authority to develop competitive electricity markets to establish the nigeria electricity regulatory commission.

An act to provide for the establishment of a central electricity regulatory commission and state electricity regulatory commissions rationalization. Nerc was formed in 2005 under the obasanjo administration s economic reform agenda through the electric power sector reform act 2005 for formation and review of electricity tariffs transparent policies regarding subsidies.