The Nigerian Electricity Regulatory Commission has restructured the Transmission Company of Nigeria by establishing the Nigerian Independent System Operator of Nigeria Limited.
This development was announced in an order signed by the Chairman of the commission, Mr Sanusi Garba and Vice Chairman, Mr Muslim Oseni, in Abuja on Saturday.
This is coming almost four years after the company said it was consulting stakeholders as it moves to implement the unbundling of the Transmission Company of Nigeria into two entities.
The company said all market and system operation responsibilities will be transferred from TCN to the newly formed NISO.
With the establishment of NISO, TCN will now transfer its assets and liabilities related to market and system operations to the new entity.
It added that the development aligns with the provisions outlined in the Electricity Act 2023, which offer clearer guidelines for incorporating and licensing an independent system operator.
It also said TCN had previously held licences issued by NERC for both Transmission Service Provider and System Operations.
