Eko Power affirms status as Lagos State-licensed electricity distributor

Eko Power Limited has affirmed its presumption arsenic the energy organisation institution licensed by the Lagos State Electricity Regulatory Commission, LASERC to service the confederate parts of Lagos State.

The institution said its constitution followed changes to Nigeria’s energy regulatory framework, which devolved regulatory powers implicit intrastate energy generation, transmission and organisation to authorities governments.

“Eko Power Limited is the organisation institution licensed by the Lagos State Electricity Regulatory Commission (LASERC) to administer powerfulness successful the confederate parts of Lagos State,” the institution said successful a statement.

It explained that the modulation followed the Electricity Act 2023, arsenic amended, and the 2023 law amendment, which empowered authorities governments to modulate energy markets wrong their jurisdictions.

According to the company, the Lagos State Government subsequently enacted the Lagos State Electricity Law 2024 and established LASERC to modulate the state’s energy market.

Eko Power said the Nigerian Electricity Regulatory Commission (NERC), pursuant to Section 230 of the Electricity Act, issued an bid successful December 2024 to commence the transportation of regulatory oversight of Lagos State’s retail energy organisation marketplace to LASERC.

The tr...