The Lagos State Electricity Regulatory Commission (LASERC) has formally issued Order No. LASERC ORDER/001/2025, establishing the regulatory framework for electricity market operations within the state.
This marks the official end of the transition period for the transfer of regulatory oversight from the Nigerian Electricity Regulatory Commission (NERC) to LASERC, as provided under the Electricity Act 2023 and the Lagos State Electricity Law 2024.
The Order, which takes immediate effect, prohibits individuals and entities from engaging in regulated electricity activities within Lagos State without a valid license or permit issued by LASERC.
The commission emphasize that licenses issued by any other regulatory authority, including NERC, will not be recognized under the new regime and will not shield violators from penalties.
According to the Order, all unlicensed operators must immediately cease regulated activities and apply for the appropriate licensing from LASERC.
It warned that violators will face penalties including fines starting from N20 million, with an additional N20,000 imposed for each day of continued non-compliance.
The Commission also advised entities unsure of their regulatory status to seek official clarification, in order to avoid falling foul of the law.
In addition, the Order affirms that existing national regulatory instruments—such as tariff guidelines, grid codes, safety standards, and metering regulations—will continue to apply to all electricity licensees operating in Lagos State, unless amended or otherwise directed by LASERC.
“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 the interests of electricity users and investors in the evolving power sector.”
This move is expected to strengthen regulatory control, improve service delivery, and stimulate investment in Lagos State’s electricity market.
