BUSINESS

NERC Suspends Unapproved Eligible Customer Regulation, To Review Pending Applications

..Directs TCN To Suspend All Unapproved Eligible Customer Transactions

 

The Nigeria Electricity Regulatory Commission (NERC) has suspended unapproved Eligible Customer Regulation and directed the Transmission Company of Nigeria (TCN) to suspend all unapproved eligible customer transactions.

The eligible customer policy allows the generation companies (GenCos) to sell power directly to consumers without passing through the electricity Distribution Companies (DisCos).

In a letter to all eligible customers signalling compliance with NERC’s directives, the TCN said, ”Following a letter from the Nigerian Electricity Regulatory Commission (NERC) dated 7th July 2021, the commission ordered the suspension of all Eligible Customers transactions without its approval.”

”In this regard, we write to formally notify you that the MO/TCN is abiding by this directive and will credit all affected Eligible Customers associated energy to their host DisCo, we advise that all Eligible Customers follow up their license application with the commission.” the letter read.

The Commission will carry out a review and approval of pending eligible customer license applications.

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