NERC Hands Over Regulatorship to New Agency for Lagos Electricity Market

The Nigerian Electricity Regulatory Commission (NERC) has handed over regulatory power to a new entity, granting it control over the electricity market in Lagos State.

In a significant development, the Nigerian Electricity Regulatory Commission (NERC) has formally handed over regulatory power to the Lagos State government, ceding oversight of the electricity market within the state to the newly established Lagos Electricity Authority. This transfer marks a new era in the regulation of electricity distribution and sale in Lagos, with the aim of promoting efficient and sustainable energy services for the region's growing population. The move is seen as part of the Federal Government's efforts to decentralize power management and enhance regional autonomy. As a result, the Lagos Electricity Authority will now be responsible for setting and enforcing rules governing the electricity market in Lagos State.