Electricity Act 2023 : Opportunities and Threats for the Energy Ecosystem

As governments worldwide hasten their transition towards sustainable energy, understanding the nuances of regulatory frameworks becomes necessary for industry players. The Electricity Act 2023, with its recent amendments, stands as a cornerstone in this evolution, presenting both new opportunities and intricate challenges.

Join us for an exclusive Masterclass:

Join Zoom Meeting

https://us06web.zoom.us/j/9524508570?pwd=MANaRadckWkdXcR0QGdaFjwKQsTEgE.1&omn=89257973092​

Meeting ID: 952 450 8570

Passcode: WIEN

Objective of the Masterclass

1. To familiarise attendees with the scope of the 5th alteration to the Constitution of

the Federal Republic of Nigeria, 1999, especially as it affects the power and

electricity industry.

2. To provide a high-level analysis of the value chain in Nigeria's electricity industry

3. To examine the opportunities and threats for the energy ecosystem following the

passage of the Electricity Act, 2023 (as amended).

Outline

1. Introduction

2. The 5th Alteration and the Implications of the Electricity and Power Industry

3. The Structure of the Electricity Act, 2023

4. The Electricity Value Chain

5. Opportunities and Threats for the Energy Eco System.

6. Licensing Regime in Nigeria

a. Authority to Generate and Transmit Electricity

b. Generation License

c. Transmission Licensed. System Operation Licensee. Distribution and Supply License

f. Trading License

g. Application and Procedure for License

h. Terms and Conditions, Renewal, Amendment, and Enforcement of License

i. Other Miscellaneous provisions on licensing

7. Conclusion