Eko Power Limited has said its electricity tariffs and service commitments in Lagos State are governed by rules set by the Lagos State Electricity Regulatory Commission (LASERC), as the state exercises regulatory control over its retail electricity market.
The company said it operates under a distribution licence issued directly by LASERC and is subject to 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 in a statement.
Eko Power said it was licensed to distribute electricity in the southern parts of Lagos State, following the transfer of regulatory oversight of the state’s retail electricity distribution market from the Nigerian Electricity Regulatory Commission (NERC) to LASERC.
The transition followed the Electricity Act 2023, as amended, and the 2023 constitutional amendment, which devolved regulatory powers over intrastate electricity generation, transmission and distribution to state governments.
According to the company, the Lagos State Government subsequently enacted the Lagos State Electricity Law 2024 and established LASERC to regulate the state’s electricity market.

It said NERC, pursuant to Section 230 of the Electricity Act, issued an order in December 2024 to commence the transfer of regulatory oversight of Lagos State’s retail electricity distribution market to LASERC.
The transfer was completed in June 2025, when LASERC assumed regulatory responsibility for retail electricity distribution and end-user tariffs in the state, the company added.

Explaining its position under the framework, Eko Power said its operations and customer service obligations were governed by Lagos State’s electricity regulations.
“Eko Power Limited exists today because Lagos State exercised its constitutional right to regulate retail electricity distribution within the state. We are licensed by LASERC for distribution and tariffs, and our service commitments to customers are set independently under Lagos State law.”the company said.
The company added that it continues to publish information on tariffs and service-level performance in line with LASERC’s transparency requirements.