The Nigerian Electricity Regulatory Commission (NERC) has called on Electricity Distribution Companies (DisCos) to ensure a transparent and structured delineation of their assets and liabilities. This, according to the agency, is pivotal for enhancing regulatory clarity and improving the efficiency of the power sector.
Speaking during a workshop organised by NERC, the Chairman, Sanusi Garba, stressed the importance of the initiative, especially amidst ongoing reforms aimed at decentralising electricity regulation. “A clear and fair delineation of assets and liabilities is essential to achieving sustainable growth in the electricity sector,” Garba said.
The workshop, which focused on developing a methodology for delineating the assets and liabilities of successor DisCos, brought together key stakeholders, including state electricity regulatory commissions, state bureaus, and DisCo representatives.
According to NERC, the first-panel session discussed methodologies for delineating DisCos’ assets, including ownership structures, valuation methods, and operational boundaries. The second-panel session examined liability delineation, addressing financial obligations, outstanding debts, and regulatory compliance requirements.
“The event provided a platform for collaborative dialogue between NERC, state regulatory bodies, and DisCos,” the agency stated. “This ensures a harmonized methodology that guarantees equitable allocation of assets and liabilities in the evolving electricity market.”
With four states—Enugu, Ekiti, Ondo, and Imo—already under full electricity regulatory oversight and six more in progress, NERC reaffirmed its commitment to fostering a fair regulatory environment. Outcomes from the workshop, it said, would guide future policy and implementation strategies.
