The Lagos State Electricity Regulatory Commission (LASERC) has formally issued Order No. LASERC ORDER/001/2025 establishing the regulatory framework for electricity market operations within Lagos State. This milestone Order marks the official conclusion of the transition period for the transfer of regulatory oversight from the Nigerian Electricity Regulatory Commission to LASERC, as stipulated in the Electricity…
The federal government has commissioned Nigeria’s first modular Liquefied Petroleum Gas (LPG) extraction plant and a 20-megawatt gas-to-power project. The projects were commissioned by the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo at the Otakikpo field in Rivers State. In a post on his official X account, the minister said the…
The Nigerian Electricity Regulatory Commission (NERC) has directed all electricity distribution companies (DisCos) to publish refunds made to customers who purchased meters under the meter asset providers (MAP) scheme. The directive, published on its social media handles on Monday, was issued after NERC’s first Nigerian electricity supply industry stakeholders (NEIS) meeting in 2025. The MAP…
As controversies trailed the purported electricity tariff hike by the Federal Government, the Nigerian Electricity Regulatory Commission has issued regulations on the procedure for tariff reviews. The latest order, signed by NERC Chairman, Sanusi Garba, stated that pursuant to the provisions of the Electricity Act 2023, the commission is obligated to review and approve a…
Unistar card meterIkeja Electric Plc has announced that it will no longer support the Unistar card meter and other outdated card meters under the Federal Government’s Meter Acquisition Fund (MAF) scheme. In a public notice on Sunday, Ikeja Electric warned its customers that its technology might no longer support the Unistar card meter and any…
The Lagos State Government has given a seven-day ultimatum for the removal of illegal structures erected beneath high-tension and power lines across the state. The Lagos State Building Control Agency (LASBCA) shared the directive via its official X account, emphasizing its goal to reduce the risks associated with unauthorized constructions in these areas. The announcement…
It has become necessary to clarify media reports suggesting an imminent 65 percent increase in electricity tariffs. This is a misrepresentation of what I actually said in a recent press interview. I highlighted the fact that, following the increase in Band A tariffs in 2024, current tariffs now cover approximately 65 percent of the actual…
The federal government has said that for electricity tariffs to reflect the actual cost of production, some Nigerians might need to pay over 65 per cent of what they are currently paying for a kilowatt/hour of electricity. Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, explained that Nigeria’s power prices need to rise…
Lagos state government, has announced plans to introduce new meters to eliminate estimated Governor Babajide Sanwo-Olu, made the announcement at the Lagos Commodities and Futures Exchange Meeting , in Lagos. The Governor, presented by his Deputy, Obafemi Hamzat, while speaking onthe themed ‘Building a Competitive Electricity Marketplace: Strategies to Attract Investments and Boost Confidence in…
More than N9 billion is being spent by shop owners to fuel 13,000 generators, in Lagos markets, with Lekki, Ikoyi and other highbrow areas of the state having the highest number of cases of energy theft and default, in the state. The Commissioner, Lagos State Ministry of Energy and Mineral Resources, Mr. Biodun Ogunleye, disclosed…
