• About
  • Advertise
  • Contact
Thursday, October 23, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Power

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

Vital News by Vital News
February 9, 2024
in Power
0
NERC Imposes N10.5bln Fine On 11 DISCOS For Over Billing Unmetered Electricity Consumers
Share on FacebookShare on Twitter

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.

RelatedStories

Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities

FG, GenCos Finalize Implementation Framework For ₦4 trillion Presidential Power Sector Debt Reduction Plan

Myself, Wike, State Lawmakers, Have Agreed To Bury The Hatchet, Fubara Says As He Resumes Office

NISO Blames Collapse Of National Grid On Tripping Of A Generation Company

“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
Previous Post

Police Rescue 14 Abuja – bound Travellers From Kidnappers In Kogi

Next Post

Ex-President Jonathan’s Chief Of Staff, Jones Arogbofa Dies At 72

Vital News

Vital News

RelatedStories

Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities
News

Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities

October 20, 2025
Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN
News

FG, GenCos Finalize Implementation Framework For ₦4 trillion Presidential Power Sector Debt Reduction Plan

October 14, 2025
Myself, Wike, State Lawmakers, Have Agreed To Bury The Hatchet, Fubara Says As He Resumes Office
News

Myself, Wike, State Lawmakers, Have Agreed To Bury The Hatchet, Fubara Says As He Resumes Office

September 19, 2025
Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN
Power

NISO Blames Collapse Of National Grid On Tripping Of A Generation Company

September 10, 2025
Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN
Power

Abia Secures $750mln World Bank Support For Renewable Energy

August 21, 2025
Next Post
Ex-President Jonathan’s Chief Of Staff, Jones Arogbofa Dies At 72

Ex-President Jonathan's Chief Of Staff, Jones Arogbofa Dies At 72

ECOWAS Plans Standby Force To Counter Terrorists, Promises To Ease Sanctions On Niger Republic If …..

AFCON : Make Nigeria Proud, Tinubu Charges Super Eagles

Abuja Chief Pharmacist Sentenced To Life Imprisonment For Rape/Sodomy, NAPTIP Lauds Judiciary

Tinubu Assents To Amended Electricity Bill

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

FAAC Disburses N736.782blnTo FG, States LGs

3 years ago
Nigeria’s Army Generals : Battle -Tested Leaders In An Age Of Complex Warfare By Williams Charles Oluwatoyin PhD

Fulani Community Condemns Killing Of Two Soldiers In Taraba

2 months ago
Heavy Rains Persist In Kenya, Floods Death Rises To 188

Heavy Rains Persist In Kenya, Floods Death Rises To 188

1 year ago
Ogun Trains 750 STEM Teachers, 100 Other Stakeholders On New Teaching Methodology

Ogun Plans To Establish 20,000 Hectares Rice Farm In Yewa

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

National Orthopedic Hospital Jalingo Signs MoU With Police Health Maintenance Limited

Former Kogi Senator In Trouble Over Attempts To Scuttle Appointment Of Amupitan As INEC Chairman, Action Raises Dust Among Kinsmen

Three INEC Officials Going For November 8 Anambra Governorship Election Kidnapped In Kogi

Trending

Dangote Denies Ownership Of Truck Involved In Enugu Accident
News

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

by Vital News
October 23, 2025
0

Dangote Group has refuted reports circulating on social media and in some online platforms linking it to...

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

October 23, 2025
Trailer Crushes Female University Lecturer To Death In Lokoja

Trailer Crushes Female University Lecturer To Death In Lokoja

October 23, 2025
Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

October 22, 2025
FG Cancels Independence Anniversary Parade

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

October 22, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident October 23, 2025
  • Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman October 23, 2025
  • Trailer Crushes Female University Lecturer To Death In Lokoja October 23, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In