Publication: A Review of the Electricity Act, 2023: Impact and Major Issues Arising
Publication: A Review of the Electricity Act, 2023: Impact and Major Issues Arising
A core objective of the Electricity Act, 2023 (the “Act”) is to provide a holistic integrated policy plan that recognizes all sources for the generation, transmission, and distribution of electricity, including the integration of renewable energy into Nigeria’s energy mix. The Act repealed the Electric Power Sector Reform Act (the “EPSRA”), the erstwhile principal legislation of the Nigerian electric power sector since 2005. The Act also recognizes the electric sector lawmaking powers of federating states and identifies the border line distinction between electricity supply and distribution.
In this article, our Senior Associate, Emeka Ezekwesiri and Associates, Favour Ogini, and Iyanuoluwa Adeyemo provide an analysis of the Act and examine in detail the major changes introduced by the Act to the electric power sector viz-a-viz the EPSRA with particular focus on its significance and impact in the Nigerian Electricity Supply Industry. They also identify and address issues arising from the provisions of the Act and proffer solutions to some of the challenges that may arise.
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In this article, our Senior Associate, Emeka Ezekwesiri and Associates, Favour Ogini, and Iyanuoluwa Adeyemo provide an analysis of the Act and examine in detail the major changes introduced by the Act to the electric power sector viz-a-viz the EPSRA with particular focus on its significance and impact in the Nigerian Electricity Supply Industry. They also identify and address issues arising from the provisions of the Act and proffer solutions to some of the challenges that may arise.
Read here - https://lnkd.in/gHnVz6z8
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