Section 62 of the Electric Power Sector Reform Act 2005 provides that any person intending to engage in the business of electricity generation, transmission, system operation, distribution or trading shall be required to obtain an operator's licence from the Nigerian Electricity Regulatory Commission.



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The Commission has established a methodology for regulating electricity prices called the Multi-Year Tariff Order (MYTO).

The MYTO provides a 15 year tariff path for the Nigerian electricity industry with limited minor reviews each year.

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The Commission is charged with the responsibility of seeing to the establishment, promotion and monitoring of a competitive Nigerian electricity market where the private sector will be the key driver, with no single or multiple group of players exercising undue market power.

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