Ondo State Governor Lucky Aiyedatiwa has signed a new electricity law aimed at strengthening regulation, attracting private investment and expanding access to power across the state.

The Ondo State Government announced the signing of the Ondo State Electric Power Sector (Amendment) Law, 2026, on Thursday.

The legislation establishes the Ondo State Electricity Regulatory Commission, which will oversee tariffs, licensing, investments, mini-grids, renewable energy and other activities within the state’s electricity market.

It also provides for the creation of a State Independent System Operator and State Market Operator to support the development of a more efficient and competitive electricity market.

Under the new law, electricity consumers will be subject to compulsory metering, while community- and privately-funded electricity infrastructure will receive legal protection.

The legislation also provides penalties for the sabotage of power facilities, with the government saying the measures are intended to protect infrastructure and safeguard investments in the sector.

Another key provision is the establishment of the Equipment Standards and Competence Certification Agency, which will regulate electrical equipment and ensure that professionals working in the sector meet prescribed standards.

The law also strengthens the Ondo State Power Company and provides greater regulatory certainty for private operators involved in electricity generation, distribution, renewable energy and related infrastructure.

The state government said the new framework was designed to encourage private capital and accelerate investment in renewable energy and electricity infrastructure.

It added that the new regulatory and market institutions would provide a more organised structure for the state’s electricity sector and improve confidence among investors and other stakeholders.

The government said protecting electricity infrastructure and imposing sanctions for sabotage would also contribute to more reliable power supply.

With the law now in force, the administration said it expected the electricity sector to support industrialisation, economic growth and sustainable energy development across Ondo State.