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An electric utility is a company in the electric power industry that engages in electricity generation and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a major provider of energy in most countries.
Nigerian Electricity Regulatory Commission(NERC) is an independent regulatory body with authority for the regulation of the electric power industry in Nigeria. NERC was formed in 2005 under the Obasanjo administration’s economic reform agenda through the Electric Power Sector Reform Act, 2005 for formation and review of electricity tariffs, transparent policies regarding subsidies, promotion of policies that are efficient and environmentally friendly, and also including forming and enforcing of standards in the creation and use of electricity in Nigeria. NERC was instituted primarily to regulate the tariff of Power Generating companies owned or controlled by the government, and any other generating company which has a license for power generation and transmission of energy, and distribution of electricity.
The Commission for Regulation of Utilities (CRU), formerly known as the Commission for Energy Regulation is Republic of Ireland's energy and water economic utility regulator.
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References
- ↑ "The Electricity Market Law". Electricity Authority.
- ↑ "Activity Report for the years 2011-2012" (PDF). Electricity Authority. Archived from the original (PDF) on July 14, 2014.
- ↑ "The Electricity Market Law". Electricity Authority.
- ↑ "The Chairperson of the Public Utility Authority – Electricity". The Electricity Authority.