FCCPC engages NERC, states’ electricity regulators on consumer protection, cooperation

Date:

By Mariam Abeeb

 

The Federal Competition and Consumer Protection Commission (FCCPC) has engaged the Nigerian Electricity Regulatory Commission (NERC) and states electricity regulators to encourage consumer protection and transparency in electricity industry operations.

Mr Tunji Bello, the Executive Vice Chairman of the FCCPC, said the engagement was to create opportunities for close cooperation between institutions.

According to him, this is as more s

tate Electricity Regulatory Commissions assumed responsibility for regulating intra-state electricity markets under the Electricity Act, 2023.

Bello said the cooperation would ensure renewed commitment to partnership to build a more accountable, responsive and consumer-centred electricity sector for the benefit of all Nigerians.

He noted that strong regulation was not built on institutional rivalry but on cooperation, mutual respect and a shared commitment to public interest.

He said that when market participants complied promptly with regulatory obligations, resolved complaints fairly and operated transparently, they help build stronger, more competitive and more sustainable electricity markets.

READ MORE  Juliet Ehimuan, ex-head of Google West Africa, appointed director at Zenith Bank

According to him, success should not be judged by how firmly we protect our individual jurisdictions, but by how effectively we work together to serve electricity consumers.

”Wherever an electricity consumer lives in Nigeria, they should have the same confidence that they will be treated fairly, that complaints will be resolved effectively, and that lawful regulatory decisions will be respected.

”Building trusted electricity markets is not the responsibility of regulators alone. Electricity Distribution Companies and every other participant in the electricity value chain also have important roles to play.

”Consumers should use the established complaints resolution mechanisms, engage regulatory institutions in good faith, and exercise their rights responsibly while fulfilling their own obligations.

”As we continue to implement the Electricity Act, 2023, my hope is that cooperation becomes our default approach, not something we turn to only when other options have failed.

READ MORE  Pre-paid meters no longer free, says Kaduna Electric

”We should strengthen institutional relationships that will outlast individual office holders and build regulatory frameworks that will continue to serve Nigeria for many years to come,” Bello said.

Mr Anthony Essien, the Head, Consumer Protection Department of NERC, said the meeting was necessary to foster collaboration.

Essien said it was a coordinated effort toward serving the different electricity markets, especially considering customer protection, ensuring that all markets, not just the federal market, but all decentralised markets provided protection for customers within their regions.

”So, we have an evolving electricity market in Nigeria, so the state’s markets have all been created with their various mandates, right, and it is believed that having state operations will provide better and closer service to customers within their regions,” Essien said.

READ MORE  NOA: OB3 River Niger crossing unifies Nigeria’s gas grid, unlocks 500 mmscf daily supply

Chijioke Okonkwo, the Chief Executive Officer of the Enugu State Electricity Regulatory Commission, said the collaborative arrangement would position stakeholders to share ideas and take advantage of lessons from the federal level to implement them in states.

Okonkwo said the engagement would enable regulators to resolve issues, challenges and gaps when they arose.

He said that decentralising and setting up sub-national markets in the electricity industry was the first of its kind, not only in Nigeria but in Africa.

 

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Zaki Biam killings: LPDC suspends Gadzama, Ulegede over FG’s N8b settlement

By Vivian Okejeme   A Senior Advocate of Nigeria (SAN), Chief Joe...

“Replace Tinubu with me in 2027” – Ameh urges APC

By Haruna Salami   A retired Superintendent Route Commander of the Federal...

TETFund BOT set to tackle delays in intervention project delivery

By Mariam Abeeb   The Board of Trustees, Tertiary Education Trust...

Association urges politicians eschew divisive politics

From Femi Oyelola, Kaduna   The Chairman of the Northern Christian Association...