Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » NERC commences process to unbundle TCN

    NERC commences process to unbundle TCN

    July 12, 2020
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Power transmission towers.

    OpeOluwani Akintayo

    Lagos — The Nigerian Electricity Regulatory Commission, NERC has commenced the process of unbundling of the Transmission Company of Nigeria Plc into Transmission Service Provider, TSP and the Independent System Operator, ISO.

    In its latest release titled ‘Towards Greater Independence for the Electricity System operator’, the Commission said the Electric Power Sector Reform Act provides for the licensing of the successor transmission company initially charged with responsibility for the building and maintaining the physical national transmission network (often referred to as the “wire business” OR “Transmission Service Provider – TSP”) and the system operations function.

    “It is envisaged that at a time when the electricity industry is substantially privatized, the Act provides that the holder of the license for the two distinct regulated functions (Transmission Company of Nigeria Plc) may transfer the system operations function to an Independent System Operator (ISO) on such terms and conditions to be decided by the Nigerian Electricity Regulatory Commission (Commission).

    “With the gradual transition to a contract-based electricity market whereby market participants are expected to be held accountable for their obligations under the industry contracts, the recent tariff Orders issued by the Commission and performance standards contained therein indicate an imperative to consider granting greater independence for the systems operator, including the functional unbundling of the Transmission Company of Nigeria Plc into TSP and the ISO.

    “This consultation document is seeking for stakeholder input in advising the Commission on the (i) readiness of the electricity industry for the unbundling of the SO function to an independent system operator taking into consideration the stage of market development and the key technical prerequisites for an efficient ISO; (ii) recommend the degree of independence that may currently be granted to the systems operator without causing disruptions in market stability; (iii) Where the unbundling of the ISO function is considered appropriate, recommend a possible ownership model and governance structure; and (iv) Where the unbundling of the ISO function is considered premature, propose possible conditions precedent and timelines for a transition.”

    Related News

    Electricity storage: The challenges of tomorrow

    Egypt’s renewable power capacity to reach 31.6GW in 2035

    ‘Nigeria’s energy transition won’t succeed without grassroots involvement’

    E-book
    Resilience Exhibition

    Latest News

    Zimbabwe’s gas future gains momentum as Invictus Energy joins AEW 2025

    June 4, 2025

    HOMEF urges Tinubu to declare environmental emergency

    June 4, 2025

    Tinubu hails Ojulari at 60, tasks him on energy reforms

    June 4, 2025

    Bonny Chamber targets global trade, tourism with investment expo

    June 4, 2025

    Renaissance Africa Energy CEO to speak on $15bn investment in Nigeria

    June 4, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.