Eko Power Limited don reaffirm say na im be licensed electricity distributor for southern Lagos. Di company tok say LASERC dey govern im operations.
Di clarification come inside one statement on Wednesday. E follow changes to Nigeria electricity regulatory framework wey give state governments more control over electricity markets for dia territory.
‘Eko Power Limited na di distribution company wey Lagos State Electricity Regulatory Commission, LASERC, license to distribute power for southern parts of Lagos State,’ di company tok.
E explain say di changes follow Electricity Act 2023, as amended, and one 2023 constitutional amendment. Dat amendment transfer regulatory powers over electricity generation, transmission and distribution within states to state governments.
Lagos State Government later enact Lagos State Electricity Law 2024 and set up LASERC to regulate di state electricity market.
According to Eko Power, Nigerian Electricity Regulatory Commission, NERC, issue one order for December 2024 to begin transferring regulatory oversight of Lagos retail electricity distribution market to LASERC. Di transition complete for June 2025 when di state regulator assume responsibility for electricity distribution and end-user tariffs.
Eko Power add say e dey operate under distribution licence wey LASERC issue. Di company must comply with di commission tariff rules and service standards.
‘This dey reflected in Eko Power Limited own LASERC-approved cost-reflective tariffs and im published service-level commitments across all customer bands and feeders for Lagos State,’ e tok.
Di company maintain say im regulatory status reflect Lagos State authority to oversee electricity distribution within im territory.
‘Eko Power Limited dey exist today because Lagos State exercise im constitutional right to regulate retail electricity distribution within di state,’ e tok.
Dis development form part of Lagos State efforts to establish state-regulated electricity market and improve accountability for power distribution.
E add say e go continue to publish tariff information and service performance data in line with LASERC transparency requirements.
