₦airaland Forum

Transfer of Regulatory Oversight of the Electricity Market in Lagos State to LASERC

In compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), the Nigerian Electricity Regulatory Commission (“NERC” or the “Commission”) has issued an order to transfer regulatory oversight of the electricity market in Lagos State from the Commission to the Lagos State Electricity Regulatory Commission (LASERC).

Recall that with the EA 2023, the Commission retains the role as a central regulator with regulatory oversight on the inter-state/international generation, transmission, supply, trading and system operations.

The EA also mandates any state that intends to establish and regulate intrastate electricity markets to deliver a formal notification of its processes and requests NERC to transfer regulatory authority over electricity operations in the state to the State Regulator.

Based on this, the Government of Lagos State complied with the conditions precedent in the laws, duly notified NERC and requested for the transfer of regulatory oversight of the intrastate electricity market in Lagos State.

The transfer Order by NERC has the following provisions:

- Direct Eko Electricity Distribution Plc (EKEDP) to incorporate a subsidiary (EKEDP SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Lagos State from EKEDP.

- EKEDP shall complete the incorporation of EKEDP SubCo within 60 days from 5th December 2024. The subcompany shall apply for and obtain licence for the intrastate supply and distribution of electricity from LASERC, among other directives.

- Direct Ikeja Electric Plc (IE) to incorporate a subsidiary (IE SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Lagos State from IE.

- IE shall complete the incorporation of IE SubCo within 60 days from 5th December 2024. The subcompany shall apply for and obtain licence for the intrastate supply and distribution of electricity from LASERC, among other directives.

All transfers envisaged by this order shall be completed by 4th June 2025.

Read the complete Order on the NERC website at nerc.gov.ng.

#NERC #Electricity #Regulation #ElectricityAct #Lagos #LASERC #TransferOrder @EKEDP @IkejaElectric

naptu2:
Previous threads.

In March 2023 President Muhammadu Buhari signed a constitutional ammendment bill into law and part of the ammendments was that states could generate, transmit and distribute electricity in places that were covered by the National Grid.

Buhari Signs 16 Constitution Amendment Bills Into Law
https://www.nairaland.com/7615729/buhari-signs-16-constitution-amendment

In June 2023, President Tinubu signed an ammendment to the Electricity Act into law. The new law allows states to issue licenses to companies to generate, transmit and distribute electricity within their states. The law says that the states must first enact a law to regulate electricity generation, transmission and distribution before they can take over the regulatory functions of the NERC.

President Tinubu Signs Electricity Act 2023 Into Law
https://www.nairaland.com/7720914/president-tinubu-signs-electricity-act


The Lagos State Government is now planning it's own electricity law and it is inviting investors to take part in the Lagos electricity market.

Lagos Lawmakers, Stakeholders Meet As State Plans Own Electricity Market
https://www.nairaland.com/8150172/lagos-lawmakers-stakeholders-meet-state

GAC Members Meet Obasa Over Proposed Lagos Electricity Law
https://www.nairaland.com/8145598/gac-members-meet-obasa-over

Lagos To Build Massive 4,000 Megawatts Plants To End Power Cuts - Reuters
https://www.nairaland.com/8261512/lagos-build-massive-4000-megawatts

Lagos Invites Investors For Gas Fired IPPs
https://www.nairaland.com/8261091/lagos-invites-investors-gas-fired


Lagos To Build Massive 4,000 Megawatts Plants To End Power Cuts
https://www.nairaland.com/8261512/lagos-build-massive-4000-megawatts

Devolution Of Electricity Regulation: Lagos Team Meets TCN
https://www.nairaland.com/8271944/devolution-electricity-regulation-lagos-team

Governor Sanwo-Olu Signs Lagos Electricity Bill Into Law (Video)
https://www.nairaland.com/8284060/governor-sanwo-olu-signs-lagos-electricity


Here are examples of other states.


Ekiti Government Grant License To Investors To Generate & Distribute Electricity
https://www.nairaland.com/8261408/ekiti-government-grant-license-investors

Gombe Signs MoU With Chinese Firm For 100 Megawatt Solar Energy Plant
https://www.nairaland.com/8259302/gombe-signs-mou-chinese-firm

Enugu Signs Electricity Bill Into Law, Targets 30 Billion USD Economy
https://www.nairaland.com/7844171/enugu-signs-electricity-bill-into

Grid Collapses: States Ramp Up Plans For Power Plants
https://www.nairaland.com/8262488/grid-collapses-states-ramp-up

States Work On Total Electricity Subsidy Removal, New Tariff
https://www.nairaland.com/8119959/states-work-total-electricity-subsidy

Bauchi Govt, CCECCE Sign Agreement For 30MW Solar Power And Distribution Network
https://www.nairaland.com/8277659/bauchi-govt-ccecce-sign-agreement

naptu2:
Further reading.

The Lagos Electricity Journey
https://www.nairaland.com/8262334/lagos-electricity-journey


Lagos Commissioners Back Biogas Plan to Cut Transport Costs
https://www.nairaland.com/8268289/lagos-commissioners-back-biogas-plan

iwaeda:
More charges and darkness looming.

CyrusVI:


So, na only Lagos fit generate their light like this

We no fit blame FG for this one

We get Governors but our clownish citizens go dey pretend like say we no get,con run go dey challenge FG on top everything


Pikin wey hin state Gov no dey do anything, go run go Lagos go dey para for Sanwo-Olu on top small small demolitions


Clown of a Cityzen

RecentHistory:
No sir. Darkness everywhere.
It is paraffin lamps they are using.

temitope27:
Welcome development

CyrusVI:


So, na only Lagos fit generate their light like this