PERISCOPING COMPETITION IN THE NIGERIAN ELECTRICITY SUPPLY INDUSTRY
Keywords:
Competition, Consumer Protection, Electricity Market, Monopoly, Retail Electricity, Wholesale ElectricityAbstract
For decades, the Nigerian power sector was vertically integrated with the National Electric Power Authority (NEPA) vested monopoly over the entire sector. NEPA though established to provide quality services rather oppressed electricity consumers who had no option but to endure the skanky services offered. Electricity consumers under NEPA suffered inter alia poor power quality supply, outrageous estimated billing and illegal disconnections with impunity. To smash the monopoly and establish a competitive electricity market to reduce electricity prices, stimulate investment and incentivise innovation, the Federal Government of Nigeria
enacted the Electric Power Sector Reform (EPSR) Act 2005. However the competition sought to be introduced in the power
sector was rather symbolic than substantive since the reforms mainly transferred government monopoly in NEPA to privately owned monopoly made up of eighteen Successor
