The Forum of Commissioners for Power and Energy (FOCPEN) has stated that 23 states have already passed enabling laws to establish their electricity markets, with more States joining soon.
A statement by the Commissioner of Power and Renewable Energy, Cross River State and Chairman FOCPEN, Prince Eka Williams, and Commissioner of Rural and Energy Development, Kogi State and, Ag. Secretary, FOCPEN, Engr. Mohammed Ihiezue Abdulmutalib, stated that states now have formal NERC transfers of regulatory oversight.
The statement which denied claims that 24 States have backpedaled on power market reforms over tariff, debt risks, noted that more states are joining the reform journey each month with formal transfer processes for Bayelsa and Nasarawa.
‘Also in its just concluded Energy Summit, Akwa Ibom State unveiled its state market blueprint, signaling strong intent to develop its state electricity market. Other States are similarly planning or hosting stakeholder engagements, workshops, and policy dialogues that will accelerate the localization of electricity governance.’
It added that regulatory commissions have been constituted in pioneering states, with others at advanced stages of setting up theirs.
‘This shows that the state markets are operational, not theoretical and states across all regions are actively exploring frameworks for independent regulation, tariff orders, and market design. The Spirit of reform remains strong and the Electricity Act is a landmark piece of legislation that has opened the door for subnational participation. States are approaching this transition with seriousness and caution, ensuring that their frameworks are credible, bankable, and sustainable.’
‘Far from ‘backpedaling,’ the momentum is growing as more states recognise the benefits of energy independence, regulatory autonomy, and consumer-focused power market reforms. FOCPEN assures Nigerians that states are not retreating; they are advancing with structured, deliberate reforms with the Federal Government and development partners ongoing to build capacity and ensure smooth implementation, financial sustainability, and consumer protection.’