See Why NERC Slammed ₦10.5bn Fine On 11 DisCos

When children misbehave we correct or punish them, when an adult engages in stealing, he is arrested and charged to court for prosecution.

So, the application of some punitive measures is very useful in helping a person or group of people adjust.

For some 11 Electricity Distribution Companies sanctioned by the Nigeria Electricity Regulatory Commission (NERC).

These DIsCos will be using their tongue to count their teeth at the moment.

FiSee Why NERC Slamed ₦10.5 billion Fine On 11 DisCos
Electricity Distribution Companies

The Nigeria Electricity Regulatory Commission (NERC) has sanctioned the 11 electricity distribution companies (DisCos) in the country.

For non-compliance with the capping of estimated bills for unmetered customers, the DisCos have been slammed with ₦10.5 billion fine.

Have You Read: See Why 11 DisCos Get ₦‎153.2bn From NERC Through FG

Also, NERC instructed the DisCos to issue credit adjustments to overbilled and unmetered customers from January to September 2023 by the March 2024 billing cycle.

NERC Directs DisCos To Publish Beneficiaries Of Credit Adjustment

“DisCos have been directed to publish the list of credit adjustment beneficiaries in two national dailies and on their website no later than March 31, 2024.”

Based on recent data, unmetered customers in Nigeria are 6.68 million out of the 12 million people who registered to get into the system in the third quarter of 2023.

After NERC’s, review of DisCos billing unmetered customers for 2023 showed non-compliance with the Commission’s directive.

In a bid to curb arbitrary billing, NERC issued the Order of Non-Compliance with Capping of Estimated Bills Order No: NERC/2024/004-014.

You May Also Like: CBN Disburses ₦3.01bn To DisCos Under NEMSF-2 Intervention

In a bid to balance monthly energy caps between estimated bills and unmetered customers, NERC issued energy caps,

This will help measure the monthly usage of metered customers on the same supply feeder.

“The Commission reaffirms its commitment to regulatory compliance and consumer protection within the Nigerian Electricity Supply Industry,” the statement read.

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