With the advent of the Renewable Energy in the 21st century and
the privatisation of the Nigerian Power Sector, there have been new
policies, reforms in the Sector. The Sector has witnessed a steady
growth in the past decade and an increased rate in investment.
Before commencing business in the power sector, a prospective
investor must first apply to the Nigerian Electrical Regulatory
Commission ("the Commission") for a
license. Failure to obtain a license before conducting business in
the power Sector is an offence.
Regulatory Framework.
The Electrical Power Sector Reform Act ("EPSR
Act") was enacted in 2005 to regulate the power
Sector in Nigeria. The EPSR Act established the Commission which is
responsible for granting licenses for the generation, transmission,
distribution, system operation, trading and the supply of
electricity. The Commission has also published regulations to
ensure the smooth and seamless processing of Licenses for
electricity business
