Power Minister Warns Operators Against Undermining Decentralized Electricity Market


 *NEXVIEW TV NEWS*


The Federal Government has urged electricity operators to avoid actions that could destabilise the market. 


According to Tegbe, the Federal Government will continue to play an important leadership role, while state governments now have expanded responsibilities. The Nigerian Electricity Regulatory Commission, NERC, will continue to regulate areas within its jurisdiction, and state regulators are emerging to supervise their respective markets.


He explained that transmission remains a national asset, distribution companies continue to serve millions of customers, generation companies supply energy into the grid, private investors provide capital, development partners give technical support, and consumers remain at the heart of every decision.


He said the Electricity Act did not create parallel electricity industries, but complementary electricity markets operating within one national framework.


The FG stressed that the objective must be regulatory coherence. Investors should not face conflicting rules, developers should not go through contradictory approval processes, and consumers should not suffer from institutional uncertainty. Market participants should enjoy clarity, predictability and confidence wherever they choose to invest.



#NEXVIEWTV #NEXVIEWNews #NEXVIEW #CallAndGist #NigeriaNews #BreakingNews #FGNews #Electricity #NERC #PowerSector #ElectricityAct #EnergyNews #AbujaNews #Nigeria

Comments

Post a Comment

Popular posts from this blog

Gunshots As Rival Cult Groups Clash At Rivers Varsity

Image
  "Gunshots As Rival Cult Groups Clash At Rivers Varsity" By Joshua Bilkisu Swatkasah  Several gunshots were heard at the Ignatius Ajuru University of Education, Rumuolumeni, near Port Harcourt, Rivers State, as rival cult groups clashed during the institution’s Jean Carnival. The confrontation, reportedly involving members of the Vikings and KKK confraternities, caused students to scamper for safety. Sources said the groups allegedly brought in members from outside the university as they struggled for control of the campus. The incident has renewed concerns over recurring cult-related violence at the university, with reports of similar clashes in the past two years. A notable incident occurred in August 2024, when suspected members of the Black Axe and Vikings groups reportedly clashed, leaving a student in a coma. However, no death was recorded in Tuesday’s incident. The Rivers State Police Command confirmed the clash, saying its operatives responded promptly and brought th...
Read more

17 Bandits, 10 Police Officers Killed In Zamfara-Kebbi Clash

Image
  17 Bandits, 10 Police Officers Killed In Zamfara-Kebbi Clash By Joshua Bilkisu Swatkasah  Seventeen suspected bandits and 10 police officers have been killed during a gun battle between security personnel and armed men who moved from Zamfara State into Kebbi State. The clash occurred around the Rafin Makuku axis of Sakaba Local Government Area of Kebbi State on Monday. Residents said the bandits, numbering about 240 and travelling on over 200 motorcycles, moved from Sangeko Gap in Dansadau District of Maru Local Government Area of Zamfara State before entering Kebbi. A resident, Musa Sani, said the group camped overnight in a forest between Kakihum and Makuku before advancing towards Maburya. According to police authorities, the armed men were intercepted by security operatives while moving through the area, leading to a fierce confrontation. Kebbi Police spokesperson, DSP Bashir Usman, confirmed that 17 suspected bandits were neutralised, while four motorcycles belonging to...
Read more

Opposition Lawmakers Protest As Reps Pass State Police Bill

Image
  Opposition Lawmakers Protest As Reps Pass State Police Bill By Joshua Bilkisu Swatkasah  The House of Representatives on Thursday passed the Constitution of the Federal Republic of Nigeria (Alteration) (State Police) Bill, 2026, paving the way for the establishment of state police across the country. The executive bill, transmitted by President Bola Tinubu, seeks to amend the 1999 Constitution to create the legal framework for state police as part of efforts to strengthen Nigeria's security architecture. Speaker Abbas Tajudeen said 311 lawmakers participated in the process, exceeding the two-thirds constitutional threshold required for constitutional amendments. The bill's passage, however, sparked controversy after members of the minority caucus staged a walkout, accusing the House leadership of violating constitutional and parliamentary procedures. The lawmakers argued that the bill was passed through a voice vote without the mandatory clause-by-clause consideration and cl...
Read more