The Benin Electricity Distribution Company (BEDC) and Ibadan Electricity Distribution Company (IBEDC) have registered separate electricity distribution companies (DisCos)
The Benin Electricity Distribution Company and Ibadan Electricity Distribution Company have registered separate electricity distribution companies with the Corporate Affairs Commission that are licensed to distribute electricity in Ekiti State in compliance with the Nigerian Electricity Regulatory Commission’s orders.
The development will enable the newly registered establishments to provide distinct electricity distribution services exclusively to Ekiti State. Recall that the Nigerian Electricity Regulatory Commission has ceded its regulatory oversight of the electricity market in the state to the Ekiti State Electricity Regulatory Bureau .
NERC had said that while it exercises regulatory oversight of the Nigerian Electricity Supply Industry as the major regulatory agent, in accordance with powers conferred by the Electricity Act 2023, its current ceding is part of the legal requirement to decentralise the operations of Gencos and DisCos in Nigeria, as well as the single Transco.
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