The Lagos State Electricity Regulatory Commission (LASERC) has officially taken the reins of electricity regulation in Lagos State with the issuance of Order No. LASERC ORDER/001/2025. This landmark move follows the transfer of oversight duties from the Nigerian Electricity Regulatory Commission (NERC) to LASERC, in line with the Electricity Act 2023 and Lagos State Electricity Law 2024.

With immediate effect, the Order establishes a binding framework for all electricity market operations within the state. Under the new regime, no individual or entity may carry out regulated electricity activities without a valid LASERC-issued license or permit.

“All unlicensed operators must immediately cease regulated activities and apply for appropriate licensing from the Commission,” the Order stated.

Violators now face stiff penalties — including a minimum fine of ₦20 million, plus ₦20,000 for each day of continued non-compliance. The Commission made it clear that licenses from other regulatory bodies will not be recognized within Lagos State.

Dr. Fouad Animashaun, CEO/Executive Commissioner of LASERC, emphasized the Commission’s commitment to a transparent and efficient energy market.

“This Order reinforces LASERC’s mandate to ensure a safe, efficient, and reliable electricity market in Lagos,” Dr. Animashaun said.
“We are committed to upholding global standards and protecting electricity user and investor interests in the evolving power sector.”

LASERC also clarified that existing national regulatory instruments—including grid codes, tariff guidelines, metering regulations, and safety standards—will continue to apply within Lagos until further notice.

Entities unsure of their compliance status are urged to seek immediate clarification from LASERC to avoid sanctions.