Power Supply: Akwa Ibom electricity regulator sets deadline for PHED
However, NERC will continue regulating cross-border and interstate electricity transactions after the transfer, while AKSERC and other state electricity regulators are required to cooperate with the federal commission to minimise regulatory risks across the electricity market.
The Akwa Ibom State Electricity Regulatory Commission (AKSERC) has clarified that Wednesday’s transfer of electricity market oversight from the Nigerian Electricity Regulatory Commission (NERC) to the state does not mean an immediate change in electricity supply or tariffs.
The order directed PHED to incorporate a subsidiary for electricity supply and distribution in the state and complete the transfer of relevant assets, liabilities, contracts and employees by 17 February 2027.
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