Table 5 Key events leading to changes in market rules in Nigeria’s electricity sector (2000–2015) (
From: The governance of energy transition: lessons from the Nigerian electricity sector
s/n | Year | Events impacting market rules |
|---|---|---|
1 | 2001 | National Electric Power Policy (NEPP) initiated |
2 | 2003 | National Energy Policy (NEP) framework produced |
3 | 2004 | National Economic Empowerment and Development Strategies (NEEDS) issues to address development challenges (including energy) |
4 | 2005 | Electric Power Sector Reform Act (EPSRA) enacted |
5 | 2005–07 | Formation of the Nigerian Electricity Regulatory Commission (NERC); The formation of the Power Holding Company of Nigeria (PHCN); and the eventual unbundling of the PHCN into 18 companies |
6 | 2006 | Renewable Energy Policy Guideline (REPG) was released, together with the Renewable Energy Action Program (REAP) |
7 | 2007 | National Biofuels Policy and incentives were formulated |
8 | 2008–09 | Multi-Year Tariff Order (MYTO) was established while the Power Sector Reforms Committee was established |
9 | 2010 | The Presidential Task Force on Power (PTFP) and the Presidential Action Committee on Power (PACP) were established The Power Sector Roadmap was released |
10 | 2012 | MYTO 2 was approved and released |
11 | 2013 | Privatization of generation and distribution companies was initiated. Transmission was retained by the government but managed under a management contract agreement (by Manitoba Hydro International–MHI) |
12 | 2015 | Commencement of the Transitional Electricity Market (YEM) regime Tenure of the NERC Commissioner ended (Dec) MYTO 2.1 approved and released but faced opposition from consumer groups (with a proposed 80% price increase which was later reduced by 25% Draft Rural Electrification Strategy & Plan (RESP) was released. The National Renewable Energy & Energy Efficiency Policy (NREEEP) was also released |