The Lagos State Electricity Regulatory Commission (LASERC) has issued operational licences and permits to 14 electricity market operators, in a move aimed at tightening regulation and expanding power sector reforms across the state.
The licences were presented during LASERC’s maiden Stakeholders’ Engagement Forum held in Ikeja, where the commission also unveiled fresh measures to strengthen consumer protection and deepen investment within the electricity market.
Speaking at the event on Thursday, the Chief Executive Officer and Executive Member of LASERC, Temitope George, described the engagement as a major step in the state’s evolving electricity framework.
According to her, the commission is focused on building a “functional, efficient, innovative, and consumer-centred electricity market” capable of supporting Lagos State’s economic growth and rising energy demands.
George said the commission would establish zonal offices in Ikorodu, Amuwo Odofin/Badagry, and Sangotedo/Epe to improve access to regulatory services and speed up complaint resolution for electricity consumers. She added that the offices are expected to commence operations in the third quarter of the year.
She further stated that LASERC remained committed to enforcing industry standards, protecting consumers, encouraging private investment, and promoting clean energy solutions across the state.
The forum also featured presentations on the commission’s regulatory agenda, retail service code, market performance outlook, and strategic plans for the electricity sector.
Among officials who delivered presentations were Olakunle Falola, Adekunle Olopade, and Adetunji Adesanya.
LASERC Board Chairman, Alexander Ogunbiyi, later presented licences and permits to the 14 operators, with the commission saying the exercise reflected its determination to build a more structured and accountable electricity market in Lagos.
George noted that reforms within the state’s electricity ecosystem had opened new opportunities for infrastructure development, innovation, and renewable energy adoption.
She stressed that sustainable progress in the sector would depend heavily on collaboration among regulators, investors, operators, and consumers.
The engagement attracted development partners, investors, electricity operators, artisans, community representatives, consumer groups, and members of the media, who also participated in discussions on the challenges confronting the sector and possible pathways for long-term growth.
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