Agency presents new regulatory laws to boost electricity

The Anambra State Electricity Regulatory Commission says four new regulatory bills have been signed into law to improve electricity supply in the state. The commission pointed out that the laws are aimed at breaking down the monopoly of the FirstPower Electricity Distribution Company Limited, a subsidiary of Enugu Electricity Distribution Company, which is in charge of power distribution in Anambra. The presentation of the Regulatory Instruments took place at the Old Government House in Awka on Tuesday. The ASERC Chairman, Prof. Frank Nwoye Okafor, said the commission under his watch is tasked with regulating the Anambra electricity market and ensuring compliance with the state governor, Prof. Chukwuma Soludo’s Integrated Electricity Policy and Strategic Implementation Plan. Okafor said, “The signing of these four draft regulations on customer protection, application for licences, investment in the electricity market and business rules represents not merely the conclusion of a regulatory process, but the beginning of a more structured, transparent, and equitable energy landscape for all. Related News Tricycle operators to help police tackle one-chance robberies $717m power loan cancellation deepens sector woes Dangote alleges crude supply sabotage by govt, NNPC objects “These regulations have been shaped by months of careful deliberation, expert consultation, and a shared commitment to getting it right. “They reflect our collective resolve to protect the rights of every consumer, to establish clear and fair licensing frameworks that promote accountability, and to create the conditions necessary to attract sustainable and responsible investment into our electricity market.” Okafor reminded partners, investors, and industry players that the regulations signalled the seriousness of purpose to boost the Anambra economic environment through constant electricity supply. He listed the four instruments signed as Business Rules, Customer Protection Regulation, Licensing Regulation, and Investment Regulation, which are expected to guide governance, protect consumers, and attract investment in Anambra’s electricity sector. Okafor further called for collaboration to enable the commission to work effectively. Ikenna Obianeri Ikenna Obianeri is a journalist at Punch Newspapers with over 10 years of experience in reporting and storytelling. He conducts incisive interviews, covers crime and environmental issues, and produces engaging feature stories tailored for digital audiences. Ikenna’s work reflects strong newsroom experience, editorial insight, and a commitment to