February 10, (THEWILL) – The Nigerian Electricity Regulatory Commission (NERC) has sanctioned eleven Distribution Companies (DisCos) over failure to comply with the capping of estimated bills for unmetered customers. Abuja Disco, for instance, overbilled its customers without meters to the tune of N17.874bn, while Eko Disco over-billed its unmetered customers by N13.137bn. Port Harcourt Disco overbilled its customers without meters by N14.187bn, as Kaduna Disco overbilled its customers by N1.145bn. Credit adjustment to customers: Discos are to issue credit adjustments to all over-billed unmetered customers for the period January to September 2023 by the March 2024 billing cycle. Regulatory sanctions: The commission shall deduct a sum of N10,505,286,072 from the annual allowed revenues of the 11 Discos during the next tariff review to deter future non-compliance with the energy caps approved by the commission.”
