Governor Ademola Adeleke of Osun State has warned the Ibadan Electricity Distribution Company (IBEDC) against riding roughshod in its operations in the state.
Adeleke gave the warning ahead of the establishment of the State Electricity Regulatory Agency, which would be mandated to address the maltreatment of electricity consumers in the state.
The agency is to be established in accordance with the Osun State Electricity Market Regulatory Bill 2025, which was passed into law by the state Assembly on Monday.
Adeleke, in a statement by his spokesperson, Olawale Rasheed, said the agency that will be created will end the maltreatment of electricity users in the state.
Adeleke said that all misgivings of the people of Osun State against the IBEDC would end when the bill becomes operational.
The statement read, “The State Electricity Regulatory Agency that would be established when the bill becomes law will be empowered to address complaints of electricity users and act on the activities of the distribution company. The DISCO should sit tight, ahead of the eventual takeoff of the commission.
“The regulatory commission will be addressing critical issues relating to customer–service providers’ complaints. It will grant licenses to power generators, among others. The commission will not allow the current maltreatment of electricity users in the state.
“I will invite all stakeholders to the signing into law ceremony. The business community in Osun state should heave a sigh of relief. The much-needed policy framework for the state power sector has arrived.”
He added that the state was on track to grant licenses to power companies to generate electricity and diversify its sources of power generation.
He added that the law will open windows of opportunity for investors in the power sector with a lot of off-grid generation opportunities.
Adeleke added, “Sources of power generation will be diversified, opened up and regulated to address the chronic power supply crisis rocking the state.
“The new law will ensure the right energy mix. Renewable energy will complement the traditional energy sources. Osun State is open to new energy sector investors.”
The new law also provides for the establishment of the State Electricity Regulatory Agency to regulate and monitor the electricity market, as well as attend to service delivery issues by the distribution company.
Adeleke described the law as a major tool to deepen and boost the economy of Osun State.
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