Abuja: The Federal Competition and Consumer Protection Commission (FCCPC) has initiated collaboration with the Nigerian Electricity Regulatory Commission (NERC) and state electricity regulators to bolster consumer protection and enhance transparency within the electricity sector. Mr Tunji Bello, Executive Vice Chairman of the FCCPC, emphasized that this engagement is aimed at fostering opportunities for closer cooperation among institutions.
According to News Agency of Nigeria, as more state Electricity Regulatory Commissions take charge of regulating intra-state electricity markets under the Electricity Act, 2023, the FCCPC’s efforts are directed towards ensuring a renewed commitment to building a more accountable, responsive, and consumer-focused electricity sector. Bello highlighted that effective regulation hinges on cooperation and a shared commitment to public interest rather than institutional rivalry.
Bello stated that when market participants adhere to regulatory obligations, resolve complaints fairly, and operate transparently, they contribute to the development of stronger, more competitive, and sustainable electricity markets. He stressed the importance of collaborative efforts in serving electricity consumers effectively across Nigeria. The engagement aims to ensure that consumers receive fair treatment and that regulatory decisions are respected, irrespective of their location.
Mr Anthony Essien, Head of the Consumer Protection Department at NERC, underscored the necessity of the meeting to enhance collaboration. Essien pointed out that this coordinated effort is crucial for serving various electricity markets, with a particular emphasis on customer protection. He noted that the establishment of state markets will facilitate better and closer service to consumers within their regions.
Chijioke Okonkwo, CEO of the Enugu State Electricity Regulatory Commission, expressed that the collaborative arrangement positions stakeholders to share ideas and implement lessons from the federal level at the state level. Okonkwo highlighted the uniqueness of decentralizing and establishing sub-national markets in Nigeria’s electricity industry, marking a first in Africa.
Dr Nnaemeka Ewelukwa, Executive Commissioner of the Anambra State Electricity Regulatory Commission, noted that the new power framework empowers states to take leadership roles and bring reforms closer to the people. Ewelukwa emphasized the importance of having state regulators to provide a more personal and relatable experience for consumers and investors alike.
The News Agency of Nigeria reported that the meeting was attended by electricity regulators from various states, reflecting a collective commitment to improving consumer protection and market transparency in Nigeria’s evolving electricity landscape.