NERC transfers electricity market oversight to Akwa Ibom regulatory commission
The commission will also prepare a register of electricity licensees and other authorised operators in Akwa Ibom and notify those whose activities are limited to the state that regulatory oversight has moved to AKSERC.
The governor also said the state had incorporated Ibom Electricity Holding Limited as a vehicle for managing state electricity assets and investments and had begun regularising its shareholding interests in 4Power Consortium Limited and PHED as a precursor to establishing a dedicated state distribution subsidiary.
The Nigerian Electricity Regulatory Commission (NERC) has ordered the transfer of regulatory oversight of the electricity market in Akwa Ibom State to the Akwa Ibom State Electricity Regulatory Commission (AKSERC).
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