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Power generation companies (Gencos) yesterday called for the scrapping of the Nigerian Electricity Regulatory Commission (NERC), describing the industry’s regulator as weak and unable to perform its duty.
They said despite the powers bestowed upon the commission, indiscipline and contract breaches were still pervading the electricity supply space with the regulator refusing to act at all or taking decisions late.
In the latest biannual bulletin, published by the Gencos, the Executive Director of the Association of Power Generation Companies of Nigeria (APGC), umbrella body of the over 20 generators in the country, Dr. Joy Ogaji, advocated an “independent and transparent regulator.”