The Nigerian Electricity Regulatory Commission has restructured the Transmission Company of Nigeria by establishing the Nigerian Independent System Operator of Nigeria Limited.
With the establishment of NISO, TCN will now transfer its assets and liabilities related to market and system operations to the new entity.
Some of their responsibilities will include managing assets and liabilities related to the market, and system operation on behalf of market participants and consumer groups.
The new ISO will also negotiate contracts for ancillary services with independent power producers and generation licensees.
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