The Lagos State Electricity Regulatory Commission (LASERC) has issued Order No. LASERC ORDER/001/2025, establishing the framework for electricity market operations within the state. This marks the end of the transition period for the transfer of regulatory oversight from the Nigerian Electricity Regulatory Commission to LASERC, as outlined in the Electricity Act 2023 and the Lagos State Electricity Law 2024.
The order, which takes immediate effect, prohibits any person or entity from engaging in regulated electricity activities without a valid licence or permit from LASERC. It clarifies that holding a licence from any other regulatory body does not exempt violators from liability.
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Under the new rules, all unlicensed operators must cease operations and apply for the appropriate licences. Penalties include a fine of at least N20 million and an additional N20,000 for each day of continued non-compliance.
Dr Fouad Animashaun, CEO and Executive Commissioner of LASERC, said the order reinforces the agency’s mandate to ensure a safe, efficient, and reliable electricity market in Lagos, while also protecting the interests of electricity users and investors.
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