The Nigerian Electricity Regulatory Commission (NERC) has directed the Nigerian Bulk Electricity Trading Plc (NBET) to cease entering into new contracts for the purchase and resale of electricity and ancillary services in the Nigerian Electricity Supply Industry (NESI).
The order took effect from 25 July, NERC said on Sunday in a circular jointly signed by the commission’s Chairman, Sanusi Garba, and its Commissioner, Legal, Licencing and Compliance, Dafe Akpeneye.
The order, according to the commission, shall remain in force until amended or revoked by a subsequent order issued by the commission.
