NIGERIAN ELECTRICITY REGULATORY COMMISSION

The
Commission

The Commission was created by and performs its operations based on the guidelines as stipulated in the Electricity Act 2023.

Our Mission

Promote and ensure an investor-friendly industry and efficient market structure to meet the needs of Nigeria for safe, adequate, reliable and affordable electricity.

Our Vision

Electricity on Demand

Values

1. Leadership: excellence, transparency, courage and discipline
2. Professionalism: proficiency, diligence, respect, fairness and accountability.
3. Teamwork: creating an environment of loyalty, trust, collaboration, and stakeholder engagement.
4. Good Governance: making decisions in a fair, transparent and consistent manner, in compliance with the laws of Nigeria and our regulation.

History

Nigerian Electricity Regulatory Commission (NERC) is an independent regulatory body with authority for the regulation of the electric power industry in Nigeria. NERC was formed in 2005 under the Obasanjo administration’s economic reform agenda through the Electric Power Sector Reform Act, 2005 (repealed), now the Electricity Act 2023 for the formation and review of electricity tariffs, transparent policies regarding subsidies, promotion of policies that are efficient and environmentally friendly, and also including forming and enforcing of standards in the creation and use of electricity in Nigeria. NERC was instituted primarily to regulate the tariff of Power Generating companies owned or controlled by the government, and any other generating company which has a licence for power generation and transmission of energy, and distribution of electricity.

NERC AS AN INDEPENDENT REGULATOR

The Nigerian Electricity Regulatory Commission is an independent body, established by the Electric Power Sector Reform Act of 2005 (repealed), now the Electricity Act of 2023 to undertake technical and economic regulation of the Nigerian Electricity Supply Industry. The Commission is to, among others license operators, determine operating codes and standards, establish customer rights and obligations and set cost reflective industry tariffs. The Commission has its head quarters in Abuja, and currently has presence in most states of the country through its Forum Offices which function as the first level of escalation for customer complaints that are not resolved by the electricity distribution companies (DisCos).

NERC Structure

The Electricity Act 2023, provides for the tenured appointment of seven Commissioners, with one of them designated as Chairman/Chief Executive Officer, and another as Vice Chairman. The Commissioners are nominated by the President and confirmed by the Senate. The Commission is made up of seven Divisions, each with its strategic role in ensuring the smooth running of day to day activities of NERC.