Nigerian Electricity Regulatory Commission (NERC)
The Nigerian Electricity Regulatory Commission was established in October 2005 pursuant to enactment of the Electric Power Sector Reform Act, 2005 with the following objectives;
1. To create, promote and preserve efficient industry and market structures and to ensure the optimal utilization of resources for the provision of electricity services;
2. To maximize access to electricity services by promoting and facilitating consumer connections to distribution systems in both rural and urban areas; and
3. To ensure that adequate supply of electricity is available to consumers.
Mission: To promote and ensure an investor-friendly industry and efficient market structure to meet the needs of Nigeria for safe, adequate, reliable and affordable electricity.
Vision: Electricity on demand.
The commission comprises seven (7) Divisions namely:
1. Office of the chairman
2. Engineering, safety and standards
3. Legal, licensing and enforcement
4. Market competition and rates
5. Government and consumer affairs
6. Research & development and renewable energy
7. Financial and management services
Highlights of Activities
The activities of the commission are centred on four (4) main goals namely:
Goal 1 – Uninterrupted Electricity
Goal 2 – Private sector participation
Goal 3 – Consumer protection
Goal 4 - Fair Regulation