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Electricity Act, 2023

Copy of the Electricity Act, 2023

Copy of the Electricity Act, 2023

Click to download a copy of the Electricity Act, 2023

This is an Act that repeal the Electric Power Sector Reform Act, 2005 and Enact the Electricity Act to Consolidate the Laws Relating to the Nigerian Electricity Supply Industry, Provide a Comprehensive Legal And Institutional Framework for the Power Sector in Nigeria in the Areas of Electricity Generation, Transmission, System Operation, Distribution, Supply, Trading, Enforcement of Consumer Rights and Obligations, Provide for a Holistic Integrated Resource Plan and Policy that Recognizes all Sources for the Generation, Transmission and Distribution of Electricity, Including the Integration of Renewable Energy to Nigeria’s Energy Mix and Attract Investments; and for Related Matters.

Click to download a copy of the Electricity Act, 2023

Objectively, the Act is to provide for operation of a privatized, contract and rule-based competitive electricity market in Nigeria and attract through transformative policy and regulatory measures, private sector investments in the entire power value chain of the Nigerian Electricity Supply Industry (hereinafter referred to as “the NESI”). Thus it is set to de-monopolize power sector and empower states to produce and distribute their own electricity.

Click to download a copy of the Electricity Act, 2023

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