By Nneka Nwogwugwu
The Nigerian Electricity Regulatory Commission (NERC) has begun the process of renewing the resale license of the Nigerian Bulk Electricity Trading Plc (NBET).
This was contained in a document titled: “Stakeholder engagement on the renewal of the bulk electricity purchase and resale license issued to The Nigerian Bulk Electricity Trading Plc.”
The Nation obtained the document on Sunday, which the NERC, chairman, Sanusi Garba, signed.
He said: “The Nigerian Electricity Regulatory Commission (“NERC”) or “Commission”) hereby invites stakeholders in the Nigerian Electricity Supply Industry (“NESI”) and interested members of the public to a renewal of the bulk electricity purchase and resale licence filed by the Nigerian Bulk Electricity Trading Plc (“NBET”) or the “Trading Licensee”) on 12 February 2021.”
According to him, this stakeholder engagement is being convened pursuant to sections 45 and 47 of the Electric Power Sector Reform Act (“EPSRA” or the Act) and section 7 of the NERC Business Rules of the Commission Regulations 2006 (the Business Rules”).