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Eko Energy Restricted has affirmed its standing because the electrical energy distribution corporate certified by way of the Lagos State Electrical energy Regulatory Fee, LASERC to serve the southern portions of Lagos State.
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The corporate mentioned its status quo adopted adjustments to Nigeria’s electrical energy regulatory framework, which devolved regulatory powers over intrastate electrical energy era, transmission and distribution to state governments.
“Eko Energy Restricted is the distribution corporate certified by way of the Lagos State Electrical energy Regulatory Fee (LASERC) to distribute energy within the southern portions of Lagos State,” the corporate mentioned in a remark.
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It defined that the transition adopted the Electrical energy Act 2023, as amended, and the 2023 constitutional modification, which empowered state governments to control electrical energy markets inside of their jurisdictions.
Consistent with the corporate, the Lagos State Govt therefore enacted the Lagos State Electrical energy Regulation 2024 and established LASERC to control the state’s electrical energy marketplace.
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Eko Energy mentioned the Nigerian Electrical energy Regulatory Fee (NERC), pursuant to Phase 230 of the Electrical energy Act, issued an order in December 2024 to start the switch of regulatory oversight of Lagos State’s retail electrical energy distribution marketplace to LASERC.
The transition was once finished in June 2025, when LASERC assumed regulatory duty for retail electrical energy distribution and end-user price lists within the state, the corporate added.
Explaining its regulatory standing, Eko Energy mentioned it operates underneath a distribution licence issued without delay by way of LASERC and is topic to the fee’s tariff method and service-level requirements.
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“That is mirrored in Eko Energy Restricted’s personal LASERC-approved cost-reflective price lists and its printed service-level commitments throughout all buyer bands and feeders in Lagos State,” it mentioned.
The corporate maintained that its operations and customer support duties are ruled by way of Lagos State’s electrical energy regulatory framework.
“Eko Energy Restricted exists as of late as a result of Lagos State exercised its constitutional proper to control retail electrical energy distribution inside the state,” the corporate mentioned.
“We’re certified by way of LASERC for distribution and price lists, and our carrier commitments to shoppers are set independently underneath Lagos State regulation.”
Eko Energy added that it continues to post data on price lists and service-level efficiency consistent with LASERC’s transparency necessities.
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