FCCPC seeks uniform consumer protection as states open electricity markets

By Progress Godfrey

The Federal Competition and Consumer Protection Commission (FCCPC) has called for stronger collaboration among electricity sector regulators to ensure uniform consumer protection and regulatory certainty.

The call comes at the backdrop of decentralization of electricity and establishment of electricity markets at sub-national levels along with creation of regulatory systems by state governments.

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

Speaking at a Stakeholder Engagement on Consumer Protection and Regulatory Cooperation in Nigeria’s Electricity Sector in Abuja, Bello said the evolving regulatory landscape required greater coordination among the Federal Competition and Consumer Protection Commission, the Nigerian Electricity Regulatory Commission (NERC), the Nigerian Electricity Management Services Agency (NEMSA) and State Electricity Regulatory Commissions (SERCs).