In a significant development, the Nigerian Electricity Regulatory Commission (NERC) has commenced the unbundling process of the Transmission Company of Nigeria (TCN), introducing the Nigerian Independent System Operator of Nigeria Limited (NISO). According to an Order dated April 30, 2023, jointly signed by NERC Chairman, Sanusi Garba and Vice Chairman Musiliu Oseni, TCN is mandated to transfer all market and system operation functions to the newly established entity. Previously, TCN held transmission service provider (TSP) and system operations (SO) licenses in accordance with the Electric Po…