NERC unbundles TCN, establishes new system operator

The Nigerian Electricity Regulatory Commission (NERC), has unbundled the Transmission Company of Nigeria (TCN) with the constitution of the Nigerian Independent System Operator of Nigeria Limited (NISO).

The institution disclosed this successful an bid signed by its Chairman, Mr Sanusi Garba and Mr Muslim Oseni, Vice Chairman successful Abuja connected Saturday.
According to the order, TCN volition transportation each marketplace and strategy cognition functions to the recently formed NISO.

The institution said that this is successful enactment with the provisions of the Electricity Act 2023, which provides clearer guidelines for the incorporation and licensing of the autarkic strategy relation (ISO).

It said that previously, TCN held Transmission Service Provider (TSP) and System Operations (SO) licences issued by NERC.

”With the constitution of NISO, TCN volition present transportation its assets and liabilities related to marketplace and strategy operations to the caller entity.

According to the order, the Bureau of Public Enterprises (BPE) has been directed to incorporated a backstage institution constricted by shares nether the Companies and Allied Matters Act (CAMA) by May 31.

”This caller company, to beryllium named the Nigerian Independent System Operator of Nigeria Limited (NISO), volition presume the marketplace and strategy cognition functions arsenic specified successful the Electricity Act and the presumption of TCN’s strategy cognition licence,”It said.

The institution outlined NISO’s responsibilities to see managing assets and liabilities related to market, and strategy cognition connected behalf of marketplace participants and user groups.

”The caller ISO volition besides negociate contracts for ancillary services with autarkic powerfulness producers and procreation licensees.

”In summation to performing marketplace and strategy cognition functions for the payment of marketplace participants and strategy users,” It said.