Eko Power Limited has formally confirmed its status as the designated distribution company for Lagos State's southern regions. This designation follows a direct legal transition mandated by the Electricity Act 2023, which devolved regulatory oversight to state governments. The entity operates under a distribution license issued directly by the Lagos State Electricity Regulatory Commission, ensuring compliance with LASERC's tariff methodology and service-level standards for all customers in the area. [1]
Named Entities and Legal Framework
The company exists today as a successor entity recognized under the constitutional framework governing intrastate electricity distribution. Its operations are strictly bound by LASERC-approved cost-reflective tariffs and published service commitments across every customer band in Lagos State. These operational details reflect the formal legal transition required for the new regulatory structure established by the amendment to the Constitution of the Federal Republic of Nigeria. [1]
Specific Process and Timeline
Pursuant to Section 230 of the Electricity Act, the Nigerian Electricity Regulatory Commission issued an order commencing the transfer of regulatory oversight. This process ensures that Eko Power Limited adheres to all established standards while managing its own internal operations without external interference from federal or state bodies. [1]
Alternative Perspective on Service Standards
Another verified source indicates that the company's establishment is directly linked to the 2023 amendment to the Constitution, which explicitly granted regulatory powers over intrastate electricity generation and distribution to state governments. This confirms that the entity's current operational model is not merely a business decision but a legally mandated outcome of the constitutional shift. [1]
Confirmed Next Steps
The regulatory transfer process has officially commenced, with NERC issuing orders to begin the handover of oversight responsibilities. While specific dates for full operational independence are not yet finalized in this report, the legal foundation is now established, allowing Eko Power Limited to function independently as the sole licensed distribution provider for its designated territory. [1]
Sources and further reading
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