Osun Commences Work On Electricity Market Policy Bill

Written by on June 13, 2023

Osun State Governor, Ademola Adeleke says his administration will develop a plan of action for the making of Osun State Electricity Market policy and legislation.

Reacting to the recent law on constitution amendment signed by President Bola Tinubu empowering state governments to regulate the electricity market within their boundaries, Governor Adeleke directed for the setting up of a technical committee to prepare the state policy plan on the management of the state power sector.

The Governor noted that the committee is to come up with a detailed plan to create Osun State Electricity Market Policy and a draft Executive bill to be named Osun Electricity Act.

According to the release signed by the spokesperson to the governor, Olawale Rasheed, the new policy will also include the creation of the Osun State Electricity Regulatory Commission to issue licenses to private firms ready to engage in power production and regulate interface among operators within the power sector from the power generators, distributors and the consumers.

The planned policy will also facilitate private sector investment in the state electricity sector, and encourage alternative energy sources from renewable to other green power sources.

Another part of the plan is the Electrify Osun program to ensure all towns and villages in Osun are provided with power supply from mini-dams to other sources of energy.

Governor Adeleke who promised to inaugurate the committee soon also expressed the intention of his administration to seek the support of the National Electricity Regulatory Commission, NERC on the state electricity market plans.

He said he will soon be submitting executive bills including, the Osun State Startup Bill, the Osun State Climate Action Bill, and the State Electricity Market Bill to the legislature.

Reader's opinions

Leave a Reply

Your email address will not be published. Required fields are marked *

Current track