The Nigerian Electricity Regulatory Commission (NERC) has created a new agency from the Transmission Company of Nigeria Plc (TCN).
In an order signed by NERC’s chairman and vice chairman, Sanusi Garba and Musliu Oseni, respectively, said the new agency to be named Nigerian Independent System Operator (NISO) will take over the functions of system operation in the Nigerian Electricity Supply Industry (NESI).
The order said the creation of NISO was in line with the repealed Electric Power Sector Reform Act 2005 (EPSRA) with the Electricity Act (EA) 2023 which came into effect on June 9, 2023.
It said the function of the agency will be, “To hold and manage all assets and liabilities pertaining to market and system operation on behalf of market participants and consumer groups or such stakeholders as the Commission may specify;
- Court stops NERC, KEDCO from implementing electricity tariff hike
- Eminent northerners to Tinubu: Reject bid to site US, French bases in Nigeria
“To negotiate and enter into contract for the procurement of ancillary services with independent power producers, successor generation licensees, etc and generally carry out market and system operations functions as specified under the EA and the terms of its license in the interest of market participants”, among others.
It, however, said the TCN “Shall retain its transmission service provider license and be responsible for transmission assets, liabilities and perform such functions as are relevant to the development and maintenance of the power transmission infrastructure.
