According to the Nigerian Electricity Regulatory Commission (NERC): “Post-unbundling of PHCN, the Nigerian Bulk Electricity Trading Company (NBET) was established in 2010 to manage energy procurement between GenCos and DisCos. NBET’s role as a bulk trader was initially for 10 years and was renewed in 2021 for three more years.
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| ‘Public Notice’ by the Nigerian Electricity Regulatory Commission (NERC) |
“The Electricity Act 2023 mandates the transition to bilateral trading, moving away from NBET’s single-buyer model.”
Public Notice below:
