The Nigerian Electricity Regulatory Commission on Monday approved the reappointment of a 12-member Dispute Resolution Panel for the Nigerian electricity supply industry.
According to the commission, the appointment of the members was in line with Section 42.1.3 of the Market Rules, which empowered the NERC to constitute the panel.
NERC said in a statement issued in Abuja that the functions of the panel, as spelt out in Section 42.3.7 of the Market Rules, include the arbitration and settlement of disputes between market participants in the Nigerian electricity market. The commission advised market participants to take advantage of the channel of alternative dispute resolution to address disagreements in the electricity industry in line with the provisions of the market rules.
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