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NERC Imposes N10.5bln Fine On 11 DISCOS For Over Billing Unmetered Electricity Consumers

Vital News by Vital News
February 9, 2024
in Power
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NERC Imposes N10.5bln Fine On 11 DISCOS For Over Billing Unmetered Electricity Consumers
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The Nigeria Electricity Regulatory Commission (NERC) has imposed a fine of N10.5 billion on 11 electricity distribution companies in the country (DisCos) for Non-Compliance with Capping of Estimated Bills for Unmetered Customers

The Commission which disclosed this in a statement said that it will
the fine from the annual allowed revenues of the eleven (11) DisCos during the next tariff review.

It said this is to deter future non-compliance with the energy caps approved by the Commission.

According to the NERC, the action followed a review of the Electricity Distribution Companies (“DisCos”) billing of unmetered customers for 2023 which has revealed non-compliance with the monthly energy caps issued by the Commission.

The Commission said : The public may recall that in 2020, the Commission issued the Order on Capping of Estimated Bills (Order No: NERC/197/2020) and subsequently issued monthly energy caps which aimed to align the estimated bills for unmetered customers with the measured consumption of metered customers on the same supply feeder.

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“A review of the Electricity Distribution Companies (“DisCos”) billing of unmetered customers for 2023 has revealed non-compliance with the monthly energy caps issued by the Commission.

” In response to this and in a bid to safeguard unmetered customers from arbitrary billing by DisCos, the Commission, pursuant to Section 34(1)(d) of the Electricity Act 2023 (“EA 2023″), has issued the Order on Non-Compliance with Capping of Estimated Bills (Order No: NERC/2024/004-014) which stipulates the following :
” i. Credit Adjustment to Customers: DisCos are to issue credit adjustments to all overbilled unmetered customers for the period January to September 2023 by the March 2024 billing cycle.

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

” iii. Regulatory Sanctions: The Commission shall deduct a sum of 10,505,286,072 from the annual allowed revenues of the eleven (11) DisCos during the next tariff review, to deter future non-compliance with the energy caps approved by the Commission.”

The Commission then reaffirmed its commitment to regulatory compliance and consumer protection within the Nigerian Electricity Supply Industry.
(vitalnewsngr.com)

Tags: DISCOsfineimposeNERC
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