The Lagos State Electricity Regulatory Commission (LASERC) has issued Order No. LASERC ORDER/001/2025, formally establishing the regulatory framework for electricity market operations within Lagos State. This landmark directive signals the official end of the transition of regulatory oversight from the Nigerian Electricity Regulatory Commission (NERC) to LASERC, in accordance with the Electricity Act 2023 and the Lagos State Electricity Law 2024. Effective immediately, the order prohibits any individual or entity from engaging in regulated electricity activities within Lagos without a valid license or permit from LASERC. The commission made clear that licenses obtained from any other regulatory authority will not be recognised under the new regime. All unlicensed operators are required to cease operations at once and apply for proper licensing from LASERC. Non-compliance will attract sanctions, including a fine of no less than 20 million and an additional daily fine of 20,000 for every day of continued violation. The commission has urged entities uncertain about their regulatory status to seek formal clarification to avoid penalties. While asserting its authority, LASERC also affirmed that all existing national regulatory instruments, such as tariff guidelines, grid codes, safety standards, and metering regulations, will continue to apply within the state until further notice or amendment. This Order reinforces LASERCs mandate to ensure a safe, efficient, and reliable electricity market in Lagos, said Dr. Fouad Animashaun, CEO and Executive Commissioner of LASERC. We are committed to upholding global standards and protecting electricity users and investor interests in the evolving power sector.
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