LEADERSHIP
The Nigerian Electricity Regulatory Commission (NERC) has unbundled the Transmission Company of Nigeria (TCN) by establishing the Nigerian Independent System Operator of Nigeria Limited (NISO).
NERC made this known in an Order dated April 30, 2023 and signed by NERC chairman, Sanusi Garba and vice chairman, Musiliu Oseni.
NERC, also ordered the Bureau of Public Enterprises, (BPE), to within 30 days register the Independent System Operator as a distinct entity from the Transmission Company of Nigeria, with the Corporate Affairs Commission.
The Nigerian Independent System Operator Limited will be responsible for managing the national grid and other system operations related market contracts and transactions.
TCN as a successor company of the defunct Power Holding Company of Nigeria, PHCN, was issued with two licences by NERC as a Transmission Service Provider and Independent System Operator.
The order formally unbundles the TCN into Transmission Service Provider, TSP and Independent System Operator, as prescribed in the Electricity Act 2023.
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