New Tarrif: NERC Slams N200m Fine On AEDC Over Violation

The Nigerian Electricity Regulatory Commission (NERC) has slammed a fine of N200 million...

The Nigerian Electricity Regulatory Commission (NERC) has slammed a fine of N200 million on the Abuja Electricity Distribution Plc (AEDC) over the Disco’s non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order 2024 for power distribution companies (DisCos).

NERC disclosed this enforcement action against AEDC in a letter to its acting managing director, Victor Ojelabi, dated April 5, 2024.

According to the letter, AEDC was fined for the flagrant breach of the Commission’s Order for failing to comply with the prescribed customer band classifications for the tariff billing.

The Commission said this decision followed a detailed review and customer feedback, which revealed that AEDC had applied the new tariff of N225 per kilowatt hour to all customer bands, contrary to the Order, which was designed to ensure fair billing practices.

NERC, therefore, ordered AEDC to reimburse all customers in Bands B, C, D, E, respectively that were billed above the allowed customer categories/tariff bands provided in the Order.

The commission also mandated AEDC to 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 April 11, 2024.

The Disco is also required to pay the N200 million fine and file evidence of compliance with the directives with the Commission by April 12, 2024.

NERC said this action underscored its commitment to protecting consumer rights and ensuring equitable practices within Nigeria’s electricity sector.

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

RELATED ARTICLES

SEC Mandates Operators to Register Instruments by January

The Securities and Exchange Commission has directed all Capital Market Operators to declare their compliance

Petroleum Company Records First Oil Production

A petroleum exploration and production company, Emadeb Exploration and Production Company Limited, has expressed excitement

Dangote Refinery Says Price Cut Prompted Reduction in Pump Prices

Dangote Petroleum Refinery has said that the recent reduction in pump prices by oil marketers

NCC Renews Crackdown on Pre-registered SIM Cards

Nigerian Communications Commission (NCC) has announced a renewed crackdown on the sale and use of

Telcos Revenue Hits N7.67tr in 2024 Amidst 85% Rise in Operating Cost

TELECOMMUNICATIONS operators saw their total earnings rise by 44.7 per cent to N7.67 trillion in

Togo, Niger, Benin Owe Nigeria $20m for Electricity Supplied in Six Months

International bilateral customers, including Société Béninoise d’Énergie Électrique (SBEE) from the Republic of Benin, Compagnie

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

This Pop-up Is Included in the Theme
Best Choice for Creatives

Purchase Now

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.