Ondo State Gets Boost in Electricity Sector with New Law

In a significant move to revamp the electricity sector in Ondo State, Governor Lucky Orimisan Aiyedatiwa has given his assent to the Ondo State Electric Power Sector (Amendment) Law, 2026. This new legislation aims to establish a robust legal and regulatory framework that will oversee the generation, transmission, and distribution of electricity across the state. A key aspect of the law is the creation of the State Electricity Regulatory Commission, which will be responsible for regulating tariffs, issuing licenses, and overseeing investments in mini-grids and renewable energy, among other responsibilities. Additionally, the law provides for the establishment of the State Independent System Operator and the State Market Operator, both of which will play crucial roles in the development of an efficient and competitive electricity market. The legislation also includes provisions for compulsory metering, protection of community and privately funded electricity infrastructure, and penalties for the sabotage of power facilities. Furthermore, it establishes the Equipment Standards and Competence Certification Agency, which will regulate electrical equipment and ensure that professionals in the sector meet the required standards. According to the state government, the new law is designed to attract private investment and expand access to reliable electricity across the state, thereby driving industrialization and economic development. The government believes that the establishment of dedicated regulatory and market institutions will create a more structured electricity sector, improving confidence among investors and other stakeholders. With the new law in place, Ondo State is poised to support industrial growth, expand economic opportunities, and promote sustainable energy development.