LASERC Targets ATC&C Losses Below 10% with AI Monitoring

The Lagos State Electricity Regulatory Commission (LASERC), led by Chief Executive Officer Mrs. Temitope George, is implementing measures to reshape Lagos State's electricity market. Key initiatives include stronger consumer protection, universal metering, and enhanced performance monitoring.

LASERC has clarified that electricity licensees cannot recover charges older than 12 months, a decision prompted by public discussions and varying interpretations of the Retail Electricity Supply Code. This limitation applies prospectively and does not affect debts accrued before the Code's implementation.

The Commission's approach aims to protect consumers from unmetered charges while encouraging electricity distribution companies to expedite meter deployment. Additionally, LASERC plans to utilize artificial intelligence-enabled monitoring systems to reduce Aggregate Technical, Commercial and Collection losses to below 10% and to foster competition in the electricity market.

The Supply Code mandates that licensees meter all eligible consumers within specified timelines, ensuring regulatory compliance and consumer rights.