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NERC Strategises To Enhance Market Compliance

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The Nigerian Electricity Regulatory Commission (NERC) has said it has drawn a comprehensive strategy of ensuring greater compliance with its regulations and orders by operators in the Nigeria Electricity Supply Industry (NESI).

The Commission stated this a statement issued yesterday adding that it is imperative for closer monitoring of the performance of its licensees and the ethical conduct of the respective managements.

“This is in line with best practice in a regulated utility market,” the Commission noted.

NERC also it has reviewed the progress of customer enumeration exercise (including asset tagging) by the electricity distribution companies and reaffirmed its determination to ensure this is completed within the stipulated timelines in the Work Plan.

“This is on account of the significant benefits towards the reduction of commercial and collection losses in the industry,” it stated.

The statement enumerated other areas of focus for the management of the Commission included the urgency to invest in resolving bottlenecks at transmission/distribution interface points, incentivising a sustainable growth in energy delivered to consumers nationwide and an expedited resolution of customer complaints.

The Commission therefore reaffirmed its commitment to provide a fair and firm regulatory environment but with a warning that necessary enforcement measures would be pursued on defaulters in the industry.



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