Eko Power Affirms LASERC Licence To Distribute Electricity In Southern Lagos
Kehinde Adeleye
Eko Power Limited has reaffirmed that it is licensed by the Lagos State Electricity Regulatory Commission (LASERC) to distribute electricity in the southern parts of Lagos State, citing changes to Nigeria’s electricity regulatory framework that transferred oversight of intrastate electricity markets to state governments.
The company stated this in a statement explaining its regulatory status and the legal framework governing its operations, tariffs and customer service obligations.
According to Eko Power, the transition followed the Electricity Act 2023, as amended, and a constitutional amendment in 2023 that empowered state governments to regulate electricity generation, transmission and distribution within their jurisdictions.
“Eko Power Limited is the distribution company licensed by the Lagos State Electricity Regulatory Commission (LASERC) to distribute power in the southern parts of Lagos State,” the company said.
It explained that the Lagos State Government subsequently enacted the Lagos State Electricity Law 2024 and established LASERC to oversee the state’s electricity market.
Eko Power added that the Nigerian Electricity Regulatory Commission (NERC), pursuant to Section 230 of the Electricity Act, issued an order in December 2024 to begin transferring regulatory oversight of Lagos State’s retail electricity distribution market to LASERC.
The company said the transition was completed in June 2025, when LASERC assumed regulatory responsibility for retail electricity distribution and end-user tariffs in the state.
Explaining its operating framework, Eko Power said it holds a distribution licence issued directly by LASERC and operates under the commission’s tariff methodology and service-level standards.
“This is reflected in Eko Power Limited’s own LASERC-approved cost-reflective tariffs and its published service-level commitments across all customer bands and feeders in Lagos State,” it said.
The company maintained that its operations and obligations to electricity consumers are governed by Lagos State’s regulatory framework.
“Eko Power Limited exists today because Lagos State exercised its constitutional right to regulate retail electricity distribution within the state,” the statement added.
“We are licensed by LASERC for distribution and tariffs, and our service commitments to customers are set independently under Lagos State law.”
Eko Power also said it continues to publish information on electricity tariffs and service-level performance in line with LASERC’s transparency requirements.
The development reflects the broader shift towards state-level regulation of electricity markets following changes to Nigeria’s electricity laws, allowing states to exercise greater oversight over intrastate power distribution and related consumer tariffs.
