Eko Power affirms status as Lagos State-licensed electricity distributor

Eko Power Limited has affirmed its status as the electricity distribution firm licensed by the Lagos State Electricity Regulatory Commission, LASERC to serve the southern components of Lagos State.

The firm mentioned its institution adopted adjustments to Nigeria’s electricity regulatory framework, which devolved regulatory powers over intrastate electricity era, transmission and distribution to state governments.

“Eko Power Limited is the distribution company licensed by the Lagos State Electricity Regulatory Commission (LASERC) to distribute power in the southern parts of Lagos State,” the corporate mentioned in a press release.

It defined that the transition adopted the Electricity Act 2023, as amended, and the 2023 constitutional modification, which empowered state governments to manage electricity markets inside their jurisdictions.

According to the corporate, the Lagos State Government subsequently enacted the Lagos State Electricity Law 2024 and established LASERC to manage the state’s electricity market.

Eko Power mentioned the Nigerian Electricity Regulatory Commission (NERC), pursuant to Section 230 of the Electricity Act, issued an order in December 2024 to begin the switch of regulatory oversight of Lagos State’s retail electricity distribution market to LASERC.

The transition was accomplished in June 2025, when LASERC assumed regulatory duty for retail electricity distribution and end-user tariffs within the state, the corporate added.

Explaining its regulatory status, Eko Power mentioned it operates below a distribution licence issued immediately by LASERC and is topic to the fee’s tariff methodology and service-level requirements.

“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 mentioned.

The firm maintained that its operations and customer support obligations are ruled by Lagos State’s electricity regulatory framework.

“Eko Power Limited exists today because Lagos State exercised its constitutional right to regulate retail electricity distribution within the state,” the corporate mentioned.

“We are licensed by LASERC for distribution and tariffs, and our service commitments to customers are set independently under Lagos State law.”

Eko Power added that it continues to publish info on tariffs and service-level efficiency in keeping with LASERC’s transparency necessities.