ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Energy

FCCPC Backs LASERC Reforms to End Estimated Billing in Lagos

Victoria Emeto by Victoria Emeto
May 13, 2026
in Energy
0
FG Electricity Tariff Subsidy Soars to N1.94tn in 2024 Despite Tariff Hike

The Federal Competition and Consumer Protection Commission (FCCPC) has commended the Lagos State Electricity Regulatory Commission (LASERC) for introducing consumer-focused reforms aimed at ending estimated billing in the Lagos electricity market.

The commendation was contained in a statement issued on Tuesday by the FCCPC Director of Public Affairs, Ondaje Ijagwu.

According to the statement, the commission welcomed LASERC’s position in the 2025 Lagos Electricity Market Report, which supports the enforcement of existing legal provisions regarding electricity supply without meters and the phased rollout of universal smart metering across Lagos State.

LASERC is currently implementing a broad reform agenda targeted at strengthening consumer protection and improving efficiency within the electricity market.

The reforms include phased enforcement of compulsory metering from 2026, feeder-by-feeder deployment of universal smart meters, stricter monitoring of distribution companies, improved complaint resolution standards, and sanctions against non-compliant operators.

The Executive Vice Chairman and Chief Executive Officer of the FCCPC, Tunji Bello, described the initiative as an important step towards improving billing transparency and restoring consumer confidence in the power sector.

“Estimated billing remains one of the leading sources of consumer complaints within Nigeria’s power sector. Measures that accelerate metering and improve billing transparency are important to consumer protection and overall market accountability,” Bello said.

He stressed the need to shield consumers from unfair or unverifiable billing practices, especially where electricity usage cannot be accurately measured.

“Effective metering promotes fairness within the electricity market. It supports accurate billing, reduces disputes, improves accountability, and gives consumers greater confidence in the system,” he added.

Bello also urged other state electricity regulators and subnational governments in Nigeria to adopt similar reforms aimed at speeding up metering, improving oversight, and reducing disputes associated with estimated billing.

“Lagos has taken an important step towards improving consumer protection and accountability within the electricity sector. Other states implementing electricity market reforms should also prioritise transparent metering frameworks, effective complaint resolution systems, and clear service standards,” he stated.

He further called on electricity distribution companies and other market participants to comply fully with metering initiatives, consumer protection obligations, and service improvement measures introduced by regulators.

The FCCPC also referred to findings contained in the LASERC report concerning service delivery gaps, complaint resolution performance, and electricity supply challenges in Lagos State.

According to the commission, the findings highlight the need for stronger consumer protection policies, sustained investment in infrastructure, and continuous improvement in electricity service delivery.

The commission reaffirmed its commitment to supporting initiatives that promote transparency, accountability, fair market practices, and improved service standards across Nigeria’s electricity sector through ongoing collaboration with regulators and industry stakeholders.

Tags: #ElectricityReform#FCCPC#LagosElectricity#SmartMetering
Previous Post

UBA Reaffirms Commitment to Africa’s Economic Growth at Africa Forward Summit

Next Post

Nigeria’s Oil Output Rises to 1.663 Million bpd in April

Victoria Emeto

Victoria Emeto

Next Post
Nigeria’s Oil Output Rises to 1.663 Million bpd in April

Nigeria’s Oil Output Rises to 1.663 Million bpd in April

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

June 7, 2024
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

February 10, 2026
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Jumia Secures $50 Million Funding Led by IFC as E-Commerce Giant Targets 2026 Profitability

Jumia Secures $50 Million Funding Led by IFC as E-Commerce Giant Targets 2026 Profitability

August 12, 2026
US Inflation Rises 0.1% in July, Easing Pressure for September Fed Rate Hike

US Inflation Rises 0.1% in July, Easing Pressure for September Fed Rate Hike

August 12, 2026
Senate Approves N272.47bn Budget for NCC, N15bn for USPF in 2025 Fiscal Year

Senate Gives Seplat, Three Oil Firms 48 Hours to Answer NEITI Audit Queries

August 12, 2026
Dangote Refinery Hikes Petrol Price to N1,175 per Litre Amid Surge in Global Crude

Dangote Refinery Alone Cannot Meet Africa’s Fuel Demand, Says FG

August 12, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Jumia Secures $50 Million Funding Led by IFC as E-Commerce Giant Targets 2026 Profitability

Jumia Secures $50 Million Funding Led by IFC as E-Commerce Giant Targets 2026 Profitability

August 12, 2026
US Inflation Rises 0.1% in July, Easing Pressure for September Fed Rate Hike

US Inflation Rises 0.1% in July, Easing Pressure for September Fed Rate Hike

August 12, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!