{"id":122699,"date":"2024-06-30T22:24:21","date_gmt":"2024-06-30T21:24:21","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nerc-issues-imo-approval-to-regulate-electricity"},"modified":"2024-06-30T23:35:00","modified_gmt":"2024-06-30T22:35:00","slug":"nerc-issues-imo-approval-to-regulate-electricity","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nerc-issues-imo-approval-to-regulate-electricity","title":{"rendered":"NERC issues Imo approval to regulate electricity"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>In line with the Electricity Act 2023, the Nigerian Electricity Regulatory Commission, NERC, issued an order transferring regulatory oversight of the electricity market in Imo to the Imo State Electricity Regulatory Commission.<\/p>\n<p>This was contained in a recent order signed by NERC Chairman Sanusi Garba.<\/p>\n<p>The order shall take effect on July 1, 2024.<\/p>\n<p>The implication is that Imo State will be responsible for the complete regulation of its electricity market.<\/p>\n<p>The order stated: \u201cSection 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 ISERC upon receipt of formal notification from the State<\/p>\n<p>\u201cEEDC shall complete the incorporation of EEDC SubCo within 60 days from the effective date of this Order and, EEDC SubCo shall apply for and obtain a licence for the intrastate supply and distribution of electricity from ISERC.<\/p>\n<p>\u201cEEDC shall identify the actual geographic boundaries of Imo State and carve out its network in Imo State as a standalone network with the installation of boundary meters at all border points where the network crosses from Imo State into another state.\u201d<\/p>\n<p>With the development, Imo becomes the fourth state to get electricity regulatory authority after Enugu, Ondo and Ekiti states.<\/p>\n<p><strong>For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. In line with the Electricity Act 2023, the Nigerian Electricity Regulatory Commission, NERC, issued an order transferring regulatory oversight of the electricity market in Imo to the Imo State Electricity Regulatory Commission. This was contained in a recent order signed by NERC Chairman Sanusi Garba. The order shall take effect on July [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":122698,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[508,1018,1289,254],"class_list":["post-122699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-electricity","tag-imo","tag-nerc","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NERC issues Imo approval to regulate electricity - Nigeria<\/title>\n<meta name=\"description\" content=\"In line with the Electricity Act 2023, the Nigerian Electricity Regulatory Commission, NERC, issued an order transferrin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nerc-issues-imo-approval-to-regulate-electricity\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NERC issues Imo approval to regulate electricity\" \/>\n<meta property=\"og:description\" content=\"In line with the Electricity Act 2023, the Nigerian Electricity Regulatory Commission, NERC, issued an order transferrin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nerc-issues-imo-approval-to-regulate-electricity\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-30T21:24:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-30T22:35:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/06\/sm_1719773961.952296.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nerc-issues-imo-approval-to-regulate-electricity#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nerc-issues-imo-approval-to-regulate-electricity\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NERC issues Imo approval to regulate electricity\",\"datePublished\":\"2024-06-30T21:24:21+00:00\",\"dateModified\":\"2024-06-30T22:35:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nerc-issues-imo-approval-to-regulate-electricity\"},\"wordCount\":225,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nerc-issues-imo-approval-to-regulate-electricity#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/06\/sm_1719773961.952296.jpg\",\"keywords\":[\"electricity\",\"Imo\",\"NERC\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nerc-issues-imo-approval-to-regulate-electricity#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nerc-issues-imo-approval-to-regulate-electricity\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nerc-issues-imo-approval-to-regulate-electricity\",\"name\":\"NERC issues Imo approval to regulate electricity - 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