Bayelsa has become the latest state to achieve full electricity regulatory powers under the Electricity Act 2023 (Amended). This was confirmed by NERC in a social media post on Monday.
“The Nigerian Electricity Regulatory Commission (“NERC” or the “Commission”) has issued an order to transfer regulatory oversight of the electricity market in Bayelsa State from the Commission to the Bayelsa State Electricity Regulatory Agency (BYERA).
“Recall that with the EA 2023, the Commission retains the role as a central regulator with regulatory oversight on the inter-state/international generation, transmission, supply, trading, and system operations.” The statement read in part.
Under the transfer Order, NERC has made the following provisions: – Direct Port Harcourt Electricity Distribution Company Plc (PHED) to incorporate a subsidiary (PHED SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Bayelsa State from PHED. – PHED shall complete the incorporation of PHED SubCo within 60 days from 21st August 2025. The subcompany shall apply for and obtain licence for the intrastate supply and distribution of electricity from BYERA, among other directives.
The transfers is expected to be completed by 20th February 2026.
