The Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of ₦1.69bn on Abuja Electricity Distribution Company (AEDC) for overbilling customers.
The fine, according to the NERC, is based on AEDC’s non-compliance with the commission’s previous order on capping estimated billing for electricity consumers.
This was contained in a documented ‘Order NERC/2024/114’ issued by the commission on Friday in Abuja.
READ ALSO
- NERC Urges Electricity Users Not To Pay For Transformers, Others
- NERC Approves N21bn For DisCos To Meter Electricity Users
- NERC Transfers Electricity Market Oversight In OYO To OSERC
The fine is part of the commission’s September 2024 Supplementary Order, dated August 30 and signed by Vice Chairman, Musiliu Oseni, and Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye.
After investigating AEDC’s billing practices, NERC identified that the company had overcharged customers from January to September 2023, leading to the imposition of the fine which is equivalent to 10 per cent of the overbilled amount.