{
  "id": 14482733,
  "title": "Eko Power Limited Affirms Its Status as Lagos State’s Licensed Electricity Distribution Company",
  "url": "https://urgent.news/2026/10/14/eko-power-limited-affirms-its-status-as-lagos-states-licensed",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T14:56:05.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/14/eko-power-limited-affirms-its-status-as-lagos-states-licensed-electricity-distribution-company/"
  },
  "original_language": "en",
  "account": "Eko Power Limited is the licensed electricity distribution company for southern Lagos State, confirmed by the Lagos State Electricity Regulatory Commission (LASERC). This status was established following a legal transition mandated by the Electricity Act 2023 and amendments to the Federal Republic of Nigeria's Constitution in 2023. These changes allowed states to assume regulatory authority over intrastate electricity generation, transmission, and distribution. In response to this authority, the Lagos State Government passed the Lagos State Electricity Law 2024 and created LASERC as the regulator for the Lagos Electricity Market. According to Section 230 of the Electricity Act, the Nigerian Electricity Regulatory Commission (NERC) transferred regulatory oversight of Lagos State's retail electricity distribution market to LASERC in December 2024. This transfer was finalized in June 2025, when LASERC took over regulatory authority over retail electricity distribution and end-user tariffs in the state. As the successor distribution company under this framework, Eko Power Limited operates under a distribution license issued by LASERC and is bound by LASERC's tariff methodology and service-level standards for Lagos customers. Eko Power Limited's tariffs and service-level commitments are LASERC-approved and published in accordance with LASERC's transparency requirements. For media inquiries, contact Eko Power Limited at [email protected].",
  "summary": "Eko Power Limited is the distribution company licensed by the Lagos State Electricity Regulatory Commission (LASERC) to distribute power in the southern parts of Lagos State. Eko Power Limited’s establishment follows a formal legal transition mandated by the Electricity Act 2023 (as amended) and the 2023 amendment to the Constitution of the Federal Republic of […] The post Eko Power Limited…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}