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FG- Imo: :Regulatory Oversight of The State Electricity Market Is Now Underr ISERC

By Favour Ifeoluwa & Akinola Ajibade  The Federal Government yesterday( Monday) announced the transfer of Regulatory Oversight of the Electricity Market in Imo State to the state electricity regulatory commission, otherwise known as (ISERC). In a statement issued by the Nigerian Electricity Regulatory Common( NERC), the development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), reiterating that all transfers envisaged by this order shall be completed by 31 December 2024. According to the Commission,the transfer Order’s provisions include: “Direct Enugu Electricity Distribution Company (EEDC) to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Imo State from EEDC, and that EEDC shall complete the incorporation of EEDC SubCo within 60 days from 27th June 2024. The subcompany shall apply for and obtain licence for the in
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Blackout,as national grid collapsed again

By Akinola Ajibade

Nigeria has witnessed another outage, following the collapse of its electricity transmission system also known as the national grid.
The development, as usual, has plunged Africa’s biggest economy into darkness.
News Mirror reports that the latest collapse, which rocked the country on Friday night, is the third time within the space of one month, and the fourth collapse in 2022.
Prior to this period, the country has witnessed two collapses within twenty fours. They occurred on March 14 and 15 respectively this year.
Some power distribution companies confirmed the development in separate interviews with News Mirror.
The Abuja Electricity Distribution Company( AEDC) stated  that the collapse had resulted in power outage in its area of operation, which covered about five states.
 The firm in a tweet via its official Twitter handle,  said, “Please be informed that there has just been a national grid collapse causing an outage in our franchise areas.“
"We apologise for the inconvenience caused and appeal that you bear with us while we await restoration from the TCN (Transmission Company of Nigeria). We regret all inconvenience caused.”
Also, Eko Electricity Distribution Company said the grid collapse affected its entire network.
“Good evening everyone. We regret to inform you that the current outage affecting our entire network is due to system collapse,” EKEDC stated.
It added, “TCN team is working to resolve it as soon as possible.
Sincere apologies for the inconveniences caused. Please, bear with us.
"Last month, Nigeria’s power grid collapsed twice and worsened the energy crisis nationwide, as Nigerians had to contend with fuel scarcity and power outages.
The collapse of the grid on Friday evening, again caused blackout across the country, as homes and businesses were without power to run their activities.
Efforts made to get General Manager, Public Affairs Department,TCN, Ndidi Mbah to comment on the issue proved abortive as calls out to her was not picked.


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