Electricity (power) is a regulated business world over, and same is true in Nigeria. The regulator, NERC (Nigerian Electricity Regulatory Commission) in our case, sets the license areas of distribution, consumer tariff, codes & standards for network and works to safeguard interests of both the consumers and shareholders.
The electricity / power industry in Nigeria has undergone tremendous reforms, and the business of generation, transmission and distribution, which were together under single umbrella of NEPA, have hitherto been unbundled into separate arms. As a direct result of the Electric Power Sector Reform (EPSR) bill, that was signed into law on March 11, 2005, total 11 distribution companies (called DISCO) were formed. These DISCOs, including EKEDP, were further privatized on 1st November 2013, thus completing the cycle of reform efforts in Nigeria that began almost a decade back.