By Sunday Oduntan
A RECENT article entitled ”Investors battle electricity regulator over policy suspension” caught my interest in many ways. Whilst the concerns of the author are misplaced and unfounded, it is compelling to set the records straight on the issues brought forward in the said publication. Notably, it is true that the Eligible Customer Regulation 2017 (the “Regulation”) is derived from the Electric Power Sector Reform Act 2005, which gives the Minister of Power (the “Minister”) the authority to declare the commencement of the Eligible Customers Regime.
The Regulation further empowers the Nigerian Electricity Regulatory Commission to administer the regime, to wit: receiving applications for eligibility customer status, considering/reviewing such applications and granting approval where the stipulated conditions have been met by such applicants.
The regulation which was made in 2017 and became effective on November 1, 2017, created a framework…
Source: Vanguard Newspaper