The Nigerian Electricity Regulatory Commission (NERC) hosted its second Nigerian Electricity Supply Industry (NESI) stakeholders meeting of 2024 at the Commission’s Headquarters on Monday 24th June, 2024. Key topics included the STS-2 Migration by the Distribution Companies (DisCos), an update on the establishment of the Independent System Operator (ISO) in the NESI, MAP Meter Refunds, and metering challenges. Of note were the DisCo presentations on the impact, challenges, opportunities and action plans for transitioning to a multi-tier

market. ​

The recent signing of the Electricity Act 2023 has unlocked significant opportunities for the private sector and state governments nationwide to participate more actively in the NESI. Considering this, some states have already begun to set up their own State Electricity Regulatory Commission’s (SERCs). Another critical discussion centered around the progress report on the STS migration of electricity meters and its approaching deadline.

Sanctions would be meted out to DisCos that fail to complete STS meter migration of their customers after the Commission’s July 31st deadline. The Commission also provided an update on Zungeru Hydro Power Plant, noting that due to its coming on stream, all the water that had accumulated and was overspilling is now being utilized for the benefit of the country.