On 28 March 2025, the Nigerian Electricity Regulatory Commission (NERC) issued Order No. NERC/2025/028 on the Delineation of Assets and Liabilities of Distribution Licensees (the “Order”). The Order represents a critical step in operationalising the Electricity Act 2023 (the “EA”), particularly its decentralisation mandate, which empowers States to establish their own electricity markets under the oversight of State Electricity Regulatory Commissions (SERCs).
RECENT NERC’S ORDER ON DELINEATION OF ASSETS AND LIABILITIES OF DISTRIBUTION LICENSEES
