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NERC Fines AEDC ₦200mln For Violating Order On New Tariff

Vital News by Vital News
April 5, 2024
in Power
0
NERC Imposes N10.5bln Fine On 11 DISCOS For Over Billing Unmetered Electricity Consumers
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The Nigerian Electricity Regulatory Commission (NERC) has fined the Abuja Electricity Distribution Company (AEDC) ₦200 million for the flagrant breach of its order on new tariff billing.

The NERC in a statement in Abuja on Friday said the enforcement action against the AEDC was for non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order 2024 for AEDC (the “Order”).

The NERC said : ” This decision follows a detailed review and customer feedback, which revealed that AEDC had applied the new tariff to all customer bands, contrary to the Order, which was designed to ensure fair billing practices.

” AEDC is therefore mandated to a. Reimburse all customers in Bands B, C, D and E respectively that were billed above the allowed customer categories/tariff bands provided in the Order.

” b. Reimburse through the provision of the balance of customer tokens that the affected customers would be entitled to receive at the applicable rates and all token reimbursements shall be issued to the affected customers by 11 April 2024.

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” c. Pay the sum of ₦200,000,000.00 (Two Hundred Million Naira) as a fine for the flagrant breach of the Commission’s Order.

” d. File evidence of compliance with the directives in a & c with the Commission by 12 April 2024.

“The action by the Commission underscores its commitment to protecting consumer rights and ensuring equitable practices within Nigeria’s electricity sector.”
(vitalnewsngr.com)

 

Tags: AEDCordertariffviolate
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