NERC Fines Abuja Electricity Distribution Company N1.69bn for Overbilling Customers

Date:

The Nigerian Electricity Regulatory Commission (NERC) has imposed N1.69 billion fine on the Abuja Electricity Distribution Company (AEDC) for overbilling its customers.

This penalty, outlined in Order NERC/2024/114, was part of the commission’s September 2024 Supplementary Order, published on NERC’s website on Thursday. The fine results from AEDC’s non-compliance with NERC’s previous order on capping estimated billing for electricity consumers.

Following an investigation, NERC discovered that AEDC overcharged customers from January to September 2023. The fine, equivalent to 10 per cent of the overbilled amount, will be deducted from AEDC’s annual operating expenditure, effective September 2024.

NERC also mandated AEDC to improve service delivery, including ensuring continuous monitoring of electricity supply to Band A feeders and compensating customers for service failures.

Additionally, AEDC is required to procure 61MW of embedded generation by April 2025, with at least 30MW sourced from renewable energy, to enhance supply reliability. These measures reflect NERC’s commitment to ensuring fair billing practices and holding electricity distribution companies accountable.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

spot_img

Popular

More like this
Related

Lionel Messi Nets 900th Career Goal as Inter Miami CF Exit CONCACAF Champions Cup

Argentine superstar Lionel Messi scored the 900th goal of...

Donald Trump Says Israel Will Halt Further Strikes on Iran’s Major Gas Field

United States President Donald Trump has said that Israel...

King Charles III Hails Nigeria as a Global Economic Force, Commends Religious Unity

British monarch King Charles III has praised Nigeria for...

Sultan Declares Friday for Eid-el-Fitr Celebration in Nigeria

The Sultan of Sokoto, Muhammad Sa’ad Abubakar III, has...