Lagos State Electricity Regulatory Commission (LASERC) has issued licenses and

to a total of 14 companies to operate off-grid and embedded generation, independent distribution, metering, and interconnected mini-grid electricity services.

 

According to LASERC, the licenses

and permits which were issued and presented to the companies during its maiden stakeholder engagement earlier, is geared towards building a structured electricity market that attracts investment and improves power reliability across the state.

 

The companies include; the

Axxela Limited which was approved for a 5.8MW off-grid generation project at Cadbury Nigeria Plc in Agidingbi; Daybreak Power Solutions Limited that secured multiple off-grid licences across Seven-Up, Nigerian Breweries, NBC, Crown Flour Mill, Nigerdock, and Promasidor facilities.

 

Others are; Isolo Power Gen Limited receiving approval for a 9MW embedded generation project along the Apapa-Oshodi Expressway in Isolo; the Isolo Power Supply Limited licensed as an Independent Electricity Distribution Network operator, as well as the New Hampshire Capital, GossLink Engineering, and Enaro Energy Mini-Grid Limited in metering and mini-grid operations.

 

According to a statement by LASERC, the move marks one of the major regulatory steps under Lagos State’s evolving intrastate electricity market framework, designed to expand private sector participation and improve electricity access across industrial and residential clusters.

 

The commission explained that the approvals reflect its drive to deepen private sector participation in electricity delivery across the state, and also as it aligns align with Lagos’ broader strategy to to decentralise power supply through embedded generation, mini-grids, and independent distribution systems.

 

“The aim is to improve electricity access in industrial clusters and peri-urban areas while easing pressure on the national grid,” it added.

 

LASERC disclosed that the framework is designed to support a more efficient, competitive, and investment-driven electricity market in Lagos.

 

The commission disclosed that by 2030 it aims to achieve 97.5 per cent electricity availability across Lagos and reduce market losses below 10 per cent through a decentralised, performance-driven electricity system.

Reforms beginning in 2026 include the rollout of two to three 24/7 electricity franchise zones by October 2026 as pilot districts for round-the-clock supply.

 

The Commission will introduce Grid Interface Guidelines and begin a 100% metering initiative by July 2026, while consumer complaint centres will open in phases starting August 2026 in Amuwo Odofin, followed by Ikorodu and Epe in September.