The Lagos State Electricity Regulatory Commission (LASERC) has issued order establishing the regulatory framework for electricity market operations within Lagos State.
The order, which takes immediate effect, prohibits all individuals and entities from undertaking regulated electricity activities within Lagos State without a valid license or permit by LASERC, Adetola Idowu Mrs,Deputy Director, Public Affairs Unit,said in a statement.
The Commission emphasized that holding a license from any other regulatory body will not exempt violators from liability under the new regulatory regime.
According to the order, all unlicensed operators must immediately cease regulated activities and apply for appropriate licensing from the Commission.
Violators, it said, face penalties including fines of not less than N20 million and an additional N20,000 for each day of continued non-compliance.
Entities uncertain about their regulatory status are encouraged to seek official clarification from the Commission.
It also affirms the continued applicability of existing national regulatory instruments — including tariff guidelines, grid codes, safety standards, and metering regulations — as binding on all electricity licensees operating within Lagos State, pending any amendment or further directive from the Commission.
It added:”This order reinforces LASERC’s mandate to ensure a safe, efficient, and reliable electricity market in Lagos,” said Dr. Fouad Animashaun, CEO/Executive Commissioner of LASERC. “We are committed to upholding global standards and protecting electricity user and investor interests in the evolving power sector.”
