Ondo State Governor Lucky Orimisan Aiyedatiwa has assented to the Ondo State Electric Power Sector (Amendment) Law, 2026, introducing a new regulatory framework for electricity generation, transmission and distribution across the state.
The legislation establishes the Ondo State Electricity Regulatory Commission, which will be responsible for regulating key aspects of the electricity sector, including tariffs, licences, investments, mini-grids, renewable energy and other electricity-related activities.
The state government announced the development on Thursday through its official X handle, describing the law as a major step towards attracting private investment and expanding access to reliable electricity.
According to the government, the legislation is designed to “attract private investment, expand electricity access, promote renewable energy” and harness reliable electricity supply to accelerate industrialisation and economic development.
The law also provides for the establishment of a State Independent System Operator and State Market Operator to facilitate the development of an efficient, competitive and structured electricity market in Ondo State.
Among its other provisions is compulsory metering, aimed at strengthening accountability and improving the management of electricity consumption across the state.
The legislation also introduces measures to protect electricity infrastructure funded by communities and private investors, while imposing penalties for the sabotage of power facilities.
The government said the provisions were intended to safeguard investments in the sector and contribute to improved reliability of electricity supply.
Another institution created under the new law is the Equipment Standards and Competence Certification Agency, which will regulate electrical equipment and ensure that professionals working in the electricity sector meet prescribed standards and competency requirements.
The legislation further strengthens the Ondo State Power Company, as well as provide greater regulatory certainty and protection for investors involved in electricity generation, distribution, renewable energy and related infrastructure.
The state government said the establishment of dedicated regulatory and market institutions would bring greater structure to the electricity sector and boost confidence among investors and other stakeholders.
It added that the new framework would create an environment capable of supporting increased private-sector participation, renewable energy development and expansion of electricity access across Ondo State.
The Aiyedatiwa administration said the reforms were part of efforts to position the state’s electricity sector as a catalyst for industrial growth, economic opportunities and sustainable energy development.
