Ondo State Governor, Lucky Orimisan Aiyedatiwa, has assented to the Ondo State Electric Power Sector (Amendment) Law, 2026, establishing a stronger legal and regulatory framework for electricity generation, transmission and distribution across the state.
The new law establishes the State Electricity Regulatory Commission, which will oversee tariffs, licences, investments, mini-grids, renewable energy and other electricity-related activities in the state.
It also provides for the creation of the State Independent System Operator and State Market Operator to support the development of an efficient and competitive electricity market.
Key provisions of the legislation include compulsory metering, protection of community and privately funded electricity infrastructure, and penalties for the sabotage of power facilities.
The law further establishes the Equipment Standards and Competence Certification Agency to regulate electrical equipment and ensure that professionals operating in the sector meet required standards.
The legislation also strengthens the Ondo State Power Company and provides greater protection and regulatory certainty for investors in electricity generation, distribution, renewable energy and related infrastructure.
According to the state government on its X handle on Thursday, the new legal framework is designed to attract private investment and expand access to reliable electricity across the state.
The government said the law would “attract private investment, expand electricity access, promote renewable energy” and use reliable power supply to drive industrialisation and economic development.
The administration said the establishment of dedicated regulatory and market institutions would create a more structured electricity sector while improving confidence among investors and other stakeholders.
The government also said the provisions protecting electricity infrastructure and imposing penalties for sabotage would help safeguard investments and improve the reliability of power supply.
With the new law, the state government said Ondo was positioning its electricity sector to support industrial growth, expand economic opportunities and promote sustainable energy development.