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  • Welcome
  • Special reports
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    Nepal lifts social media ban after deadly protest

    Nepal lifts social media ban after deadly protest

    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    UN strongly condemn Borno attack that claimed 63 lives, including soldiers

    PANDEF back Tinubu’s state police proposal

    PANDEF back Tinubu’s state police proposal

    Canada’s economy sheds over 60,000 jobs in August

    Canada’s economy sheds over 60,000 jobs in August

    Embrace Igbo identity, Senator Nwoko urges Anioma people

    Embrace Igbo identity, Senator Nwoko urges Anioma people

    NCDMB outlines achievements,charges media, youth groups on social responsibility

    NCDMB outlines achievements,charges media, youth groups on social responsibility

  • Metro News
    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    FCTA clears 1,000 shanties in Abuja district

    FCT set up committee to probe sales of FG houses, parks

    FCT set up committee to probe sales of FG houses, parks

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    Wike launch operation to flush street beggars, one- chance syndicate, others in FCT

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    SWAN appoints caretaker committee in Abia

    SWAN appoints caretaker committee in Abia

    Embrace peace, unity, Ibas appeals to political actors as emergency rule ends

    Embrace peace, unity, Ibas appeals to political actors as emergency rule ends

    Tinubu appoint new CG fire service

    FG set new rule to be illegible to teach in Nigeria

    IPI raises alarm over rising media repression in Nigeria

    IPI raises alarm over rising media repression in Nigeria

    Soludo orders prosecution of officials linked to Onitsha traders murder

    Anambra resident doctors suspend warning strike

    Data shows diversification still elusive as oil remains Nigeria’s major exports

    NLNG secures gas deals to meet rising demand

    Trending Tags

  • Infotech
    NIMC partners online publishers to boost digital security through NIN enrollment

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    Facebook set new monetization rules for creators who uses other people content

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    Senate approves restoration of Aniocha North II State Constituency, Delta

    Bill mandating social media platforms to have physical office, records of employees pass second reading at the Senate

    Nigeria investigated  213 privacy breaches in 2024-NDPC

    Nigeria investigated 213 privacy breaches in 2024-NDPC

    FG begins construction of emerging technologies Institute in Kano

    FG begins construction of emerging technologies Institute in Kano

    MTN denies orchestrating poor network to influence FG, labour talk, apologizes for network fluctuations

    MTN shuns Labour-FG committee on tariff review, hike data tariff by 200%

  • World conflict & diplomacy
    Hamas accepts new Gaza truce plan – Official

    Hamas accepts new Gaza truce plan – Official

    Ukraine conflict: Trump and Putin end Alaska summit without deal

    Ukraine conflict: Trump and Putin end Alaska summit without deal

    Rwanda-backed rebels kill hundreds in DRC despite U.S.-sanctioned ceasefire

    Rwanda-backed rebels kill hundreds in DRC despite U.S.-sanctioned ceasefire

    Sudan claims army destroys Emirati aircraft, killing Colombian mercenaries

    Sudan claims army destroys Emirati aircraft, killing Colombian mercenaries

    UK prime minister back US military strikes on Iran ‘s nuclear sites

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    Israel bombs Iran’s heavy water reactor, says state television

    Israel bombs Iran’s heavy water reactor, says state television

  • Security
    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    Police, Omatekun, confirms the kidnap of seven farmers in Ondo

    Fear of attack grips Kwara NYSC over suspicious movements around camp

    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

    State police only solution to Benue killings, others- Adams

    State police only solution to Benue killings, others- Adams

    Female suicide bomber kills 24, injure  scores in Borno community

    Female suicide bomber kills 24, injure scores in Borno community

    Obi calls for immediate end to violence against Benue communities

    Obi calls for immediate end to violence against Benue communities

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New Electricity Act: NERC hands over regulatory functions to Oyo State

Daily Intel Newspaper by Daily Intel Newspaper
August 6, 2024
BREAKING: Nigeria in sixth national grid collapse this year
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In line with the new Electricity Act 2023, the Nigerian Electricity Regulatory Commission on Tuesday transferred the regulatory functions of the electricity market in Oyo to the Oyo State Electricity Regulatory Commission.

This followed a request by the Government of Oyo State to implement constitutional amendments and the Electricity Act provisions.

Daily Intel Newspaper recalled that Enugu, Ekiti, Ondo, and Imo States have previously been permitted to regulate their electricity markets concerning power generation, transmission, and distribution.

In an order, signed by the NERC Chairman, Sanusi Garba, the transfer will take effect from 6 August 2024.

According to NERC, the state has complied with the necessary conditions and is keen to assume regulatory oversight of the intrastate electricity market in Oyo State.

“Section 230(3) of the Act mandates the Commission to develop a transition plan and timeline for the transfer of regulatory oversight of the intrastate electricity market from NERC to OSERC upon receipt of a formal notification,” said NERC.

The order aims to commence the process of transferring regulatory oversight of the intrastate electricity market in Oyo State from NERC to OSERC, provide a transition plan, and address any transitional matters arising from this transfer.

Consequently, NERC directed the Ibadan Electricity Distribution PLC to incorporate a subsidiary (“IBEDC SubCo”) under the Companies and Allied Matters Act to manage the intrastate supply and distribution of electricity in Oyo State.
IBEDC must complete the incorporation of IBEDC SubCo within 60 days from the effective date of the order. IBEDC SubCo will then apply for and obtain a licence for intrastate supply and distribution from OSERC.

The order reads in part: “IBEDC shall identify the actual geographic boundaries of Oyo State and delineate its network in Oyo State as a standalone network, installing boundary meters at all border points where the network crosses from Oyo State into another state.

“IBEDC shall create an Asset Register of all its power infrastructure located within Oyo State, evaluate and apportion contractual obligations and liabilities attributable to IBEDC’s operations in Oyo State, identify all applicable trading points for energy offtake for IBEDC SubCo’s operations in Oyo State, confirm the number of employees required to provide service in Oyo State as a standalone public utility and transfer the identified assets, contractual obligations, liabilities, and employees to IBEDC SubCo.

“The commission shall prepare a register of licensees, permit holders, certificate holders, and holders of any other authorisations from the Commission in Oyo State. This register will be delineated by authorised activities and the use of the national grid. A notification of the transfer of regulatory oversight will be issued to the companies in the register whose activities are limited to Oyo State, informing them of the transfer of oversight to OSERC. All cross-border transactions involving the national grid will require commission approval.”

Additionally, IBEDC must inform the commission of the contractual details for the supply of energy and capacity that will supply IBEDC SubCo in Oyo State, and where reliance will be made on the national grid or other interstate sources of generation; IBEDC SubCo must seek appropriate authorisation from NERC.

“OSERC will have the exclusive responsibility for determining and adopting an end-user tariff methodology applicable within its regulatory area. Where IBEDC SubCo receives electricity from grid-connected plants, the contracts and tariffs for generation and transmission services will be approved by the commission. The final end-user tariffs approved by OSERC will be the exclusive tariffs applicable in Oyo State, and all tariff policy support for end-use customers in Oyo State will be the responsibility of the Oyo State Government.

“All transfers envisaged by this order must be completed by 5 February 2025,” the order mandates.

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