{"id":70265,"date":"2024-05-04T18:22:54","date_gmt":"2024-05-04T18:22:54","guid":{"rendered":"https:\/\/everyday.ng\/?p=70265"},"modified":"2024-05-04T18:22:54","modified_gmt":"2024-05-04T18:22:54","slug":"nerc-unbundles-tcn-establishes-new-system-operator","status":"publish","type":"post","link":"https:\/\/everyday.ng\/?p=70265","title":{"rendered":"NERC unbundles TCN, establishes new system operator"},"content":{"rendered":"

The Nigerian Electricity Regulatory Commission, NERC, has unbundled the Transmission Company of Nigeria, TCN, with the establishment of the Nigerian Independent System Operator of Nigeria Limited, NISO.<\/span><\/p>\n

The Commission, according to the News Agency of Nigeria (NAN), disclosed\u00a0 this in an order signed by its chairman, Sanusi Garba and Muslim Oseni, vice chairman in Abuja on Saturday.<\/span><\/p>\n

According to the order, TCN will transfer all market and system operation functions to the newly formed NISO.<\/span><\/p>\n

NERC said that this is in line with the provisions of the Electricity Act 2023, which provides clearer guidelines for the incorporation and licensing of the Independent System Operator, ISO.<\/span><\/p>\n

It said that previously, TCN held Transmission Service Provider, TSP and System Operations, SO licences issued by NERC.<\/span><\/p>\n

\u201dWith the establishment of NISO, TCN will now transfer its assets and liabilities related to market and system operations to the new entity.<\/span><\/p>\n

According to the order, the Bureau of Public Enterprises (BPE) has been directed to incorporate a private company limited by shares under the Companies and Allied Matters Act (CAMA) by May 31.<\/span><\/p>\n

\u201dThis new company, to be named the Nigerian Independent System Operator of Nigeria Limited (NISO), will assume the market and system operation functions as specified in the Electricity Act and the terms of TCN\u2019s system operation licence,\u201dIt said.<\/span><\/p>\n

The commission\u00a0 outlined NISO\u2019s responsibilities to include\u00a0 managing assets and liabilities related to market, and system operation on behalf of market participants and consumer groups.<\/span><\/p>\n

\u201dThe new ISO will also negotiate contracts for ancillary services with independent power producers and generation licensees.<\/span><\/p>\n

\u201dIn addition to performing market and system operation functions for the benefit of market participants and system users\u201dIt said.<\/span>
\n<\/p>\n

Below is a copy of the Order:\"\"\"\"\"\"\"\"\"\"<\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Nigerian Electricity Regulatory Commission, NERC, has unbundled the Transmission Company of Nigeria, TCN, with the establishment of the Nigerian Independent System Operator of Nigeria Limited, NISO. The Commission, according to the News Agency of Nigeria (NAN), disclosed\u00a0 this in an order signed by its chairman, Sanusi Garba and Muslim Oseni, vice chairman in Abuja […]<\/p>\n","protected":false},"author":7,"featured_media":56585,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,7],"tags":[677,6637,1527],"class_list":["post-70265","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","tag-nerc","tag-niso","tag-tcn"],"_links":{"self":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/70265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70265"}],"version-history":[{"count":0,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/70265\/revisions"}],"wp:attachment":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}