Section 96: Regulation.

(1) The Commission may, make regulations prescribing all matters which by this Act are required or permitted to be prescribed or which, in the opinion of the Commission, are necessary or convenient to be prescribed for carrying out or giving effect to this Act.
(2) Without derogation from the generality of subsection (1) of this section, regulations made in terms of subsection (1) of this section may provide for any or all of the following:
(a) the administration of the affairs of the Commission, including, inter alia, the holding of meetings, hearings and proceedings, arbitration and mediation proceedings, the conduct of inquiries and investigations, becoming a party, the handling of information, the rules by which evidence shall be taken, and generally the conduct of its business;
(b) the duties, powers, rights, and obligations of a licensee ;
(c) the procedure for applying for licences, requirements for information and documentation to be submitted by applicants ;
(d) the procedure for amending or cancelling licences;
(e) the determination of the standards of performance that will be required from licensees;
(f) the information that will be required from licensees and the manner and form by which it shall be provided;
(g) the method and manner by which the tariffs that may be charged by licensees for their services will be determined;
(h) fees, levies, and other charges that may be payable by licensees, eligible customers or consumers;
(i) the regulation of licensee investments, assets and properties, and the interest in such assets and properties, in connection with the electricity industry ;
(j) customer-related matters, such as complaint handling procedures, practices concerning customers with difficulties paying bills, connection and disconnection procedures;
(k) the resource procurement policies of, and the associated contracting by, the licensees, including, as may be applicable, the review and approval of same;
(l) the regulatory treatment of rural electric schemes and investments;
(m) procedures for addressing licensee mergers, acquisitions, affiliate relationships and transactions;
(n) procedures for market power monitoring, mitigation and enforcement;
(o) the terms and conditions for the provision of system access by transmission and distribution licensees to other entities;
(p) fines and penalties that may be payable by licensees or consumers for violations of those things for which they may be levied under this Act; and
(q) such other regulations as may be required.
(3) Regulations made pursuant to subsection (1) may provide for the imposition of penalties not exceeding ten thousand Naira or, in default of payment, imprisonment for a period not exceeding six months for contravention of the regulations.
(4) Regulations made under this section shall be published in the official Gazette by the Commission.