FCCPC seeks unified consumer protection rules as states open electricity markets

By Progress Godfrey

ABUJA — The Federal Competition and Consumer Protection Commission (FCCPC) has called for stronger collaboration and harmonised regulatory frameworks among electricity sector regulators as states begin to establish and operate their own electricity markets.

The Executive Vice Chairman and Chief Executive Officer of FCCPC, Mr Tunji Bello, said the implementation of the Electricity Act, 2023, had significantly altered Nigeria’s electricity regulatory landscape by empowering states to establish electricity regulatory commissions and oversee intrastate electricity markets.

Bello spoke at a stakeholder engagement on Consumer Protection and Regulatory Cooperation in Nigeria’s Electricity Sector held at the FCCPC headquarters in Abuja on Thursday.

The meeting brought together officials from the Nigerian Electricity Regulatory Commission (NERC), Nigerian Electricity Management Services Agency (NEMSA), and State Electricity Regulatory Commissions (SERCs).