Known commonly as DisCos, the 11 companies over-billed around 7.1 million unmetered electricity consumers between January and September 2023. The Nigerian Electricity Regulatory Commission (NERC) has now sanctioned the 11 Nigerian DisCos “over non-compliance with capping of estimated bills for unmetered customers.”NERC has issued a N10.5bn (around $7m) fine to the DisCos and ordered that they provide credits to the overcharged electricity customers. “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,” NERC said in a press statement. In response, the Commission has issued an order on non-compliance with capping of estimated bills, which stipulates the following:Credit Adjustment to Customers: DisCos are to issue credit adjustments to all over-billed unmetered customers from January to September 2023 by the March 2024 billing cycle. Nigeria: Electricity meters now cost 40% more after government decree

Source: The North Africa Journal February 12, 2024 19:29 UTC