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NERC initiates unbundling of TCN, establishes Nigerian Independent System Operator
In a significant development, the Nigerian Electricity Regulatory Commission (NERC) has commenced the unbundling process of the Transmission Company of Nigeria (TCN), introducing the Nigerian Independent System Operator of Nigeria Limited (NISO).
According to an Order dated April 30, 2023, jointly signed by NERC Chairman, Sanusi Garba and Vice Chairman Musiliu Oseni, TCN is mandated to transfer all market and system operation functions to the newly established entity.
Previously, TCN held transmission service provider (TSP) and system operations (SO) licenses in accordance with the Electric Power Sector Reform Act.
However, the enactment of the Electricity Act 2023 provided clearer guidelines for incorporating and licensing the independent system operator (ISO) and for the transfer of assets and liabilities from TCN’s portion of the ISO.
In line with this directive, NERC has instructed the Bureau of Public Enterprises (BPE) to incorporate a private company limited by shares under the Companies and Allied Matters Act (CAMA), 2020, by May 31.
This new entity, named the Nigerian Independent System Operator of Nigeria Limited (“NISO”), will assume the market and system operation functions outlined in the Electricity Act and TCN’s system operation license terms.
NERC emphasized that NISO’s memorandum of association (MOU) will empower the company to manage all assets and liabilities related to market and system operation on behalf of market participants, consumer groups, or specified stakeholders.
Additionally, NISO will be tasked with negotiating ancillary service procurement contracts with independent power producers and successor generation licensees, as well as performing other market and system operation functions outlined in its license.
Overall, NERC expects NISO to fulfill all contractual rights and obligations pertaining to market and system operations previously held by TCN.
This move marks a significant step in the restructuring of Nigeria’s electricity sector, aimed at enhancing efficiency and market performance.
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Edo guber: LP’s Akpata remains a front runner, set to capture Edo
By Kayode Sanni-Arewa
Less than twenty-four hours to the start of voting in Saturday’s governorship poll in Edo State, a rash of fake news has broken out.
Leading parties in the election have had their fair shares of fake news either indicating the withdrawal of their candidates or disqualification by a Magistrate Court or Supreme Court.
For instance, Olumide Akpata of LP was said to have withdrawn from the race and thrown his support for Asue Ighodalo in a statement that read smoothly and appeared convincing.
THE CONCLAVE sent the statement to Akpata via WhatsApp for confirmed.
He responded by sending the same statement with FAKE NEWS boldly stamped on it.
He said he was set for victory at the poll.
There was also a news flash about the Supreme Court disqualifying Asue Ighodalo of the Peoples Democratic Party, with a sign off: More details coming….
A Magistrate Court in Abuja was also reported to have disqualified Monday Okpebholo of the APC from the poll on account of age falsification.
The APC campaign organisation had swiftly put a lie to the report by deploying the court papers in the circumstance.
News
Guber poll :PDP govs storm Edo to support Ighodalo
By Kayode Sanni-Arewa
Barely 24hours to governorship election in Edo State, no fewer than two governors elected on the platform of Peoples Democratic Party (PDP) on Friday arrived Benin City.
The governors, Ahmadu Fintiri of Adamawa and Kefas Agbu of Taraba, arrived the state to mobilise support for the party’s candidate, Asue Ighodalo.
Fintiri made this known in a post on his social media page on Friday evening.
He said : “Just touched down in Edo State alongside my brother, Gov. Agbu Kefas, ahead of the September 21st gubernatorial election. We stand united in support of our Official PDP Nigeria candidate, Asue ighodalo, for a brighter future.”
Edo governor, Godwin Obaseki, who is the PDP leader in the state, had earlier cried out over alleged plot by the All Progressives Congress to rig the election.
As at the time of filling this report, it was unclear if other PDP governors would also hit the state for the election
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