Overview

The document is a regulatory agenda published by the Lagos State Electricity Regulatory Commission (LASERC) in May 2026, outlining plans to position the Lagos electricity market for success. The central vision is to ensure every resident in Lagos State has access to all required electricity at all times by 2030, at appropriate pricing and in an environmentally friendly manner. Success is defined by four key metrics: single-digit ATC&C loss levels, fully cost-reflective tariffs for all activities, 95-100% grid availability, and full (100%) metering penetration. The agenda is structured into SMART goals with three timelines: immediate (due before half-year 2026), short-term (due before end of 2026), and medium- to long-term (due before end of 2030). Immediate steps include publishing LASERC's second Market Report and Business Rules, consulting on the Retail Supply Code, licensing existing operators and the Lagos Independent System Operator (LAISO), identifying 24/7 franchise projects, engaging with federal MDAs (NERC, TCN, NISO), and public consultation on Grid Interface Guidelines. Short-term actions include issuing Grid Interface Guidelines, commencing 100% metering, designing the 'Electric Eye of Lagos' (EEL) program using AI-enhanced AMI, operationalizing consumer complaints centers, commissioning first franchise areas, and issuing draft and final Market Rules. Medium- to long-term goals involve consultations on tariff methodologies, full EEL deployment, ringfencing the Lagos grid from national grid collapses, implementation for grid reliability, achieving >97.5% availability and Africa-leading SAIDI/SAIFI indices, <9.99% ATC&C losses, and a fully efficient market. A key milestone noted is the transfer of regulatory oversight from NERC to LASERC on 4 June 2025.

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