Electricity Market Reform in Nigeria: Learn from the Past or Doomed to Repeat It?
Dr. Ted Kury's presentation at NARUC's 125th Annual Conference
November 17, 2013
Orlando, FL USA
Nigeria is in the midst of an energy market reform effort that will almost certainly serve as a model for future reform efforts in Sub-Saharan Africa. It remains to be seen whether that model will be one to emulate or to avoid. In his presentation “Electricity Market Reform in Nigeria – Lean from the Past or Doomed to Repeat It?” given to the International Relations Committee at the NARUC Annual Conference in Orlando, PURC Director of Energy Studies Ted Kury discussed these efforts. He shared experiences from PURC training programs conducted with Nigerian electricity market participants, the hybrid ratemaking approach of the Multi Year Tariff Order, the innovative function of the Nigerian Bulk Electricity Trading PLC, and mileposts for continued reform. He concluded that Nigeria has taken great pains to learn the lessons from others and is well on the way toward achieving their goals, but cautioned that 2014 will be an interesting year for the reform efforts.