JUST IN: NERC fines eight DisCos N628m for breaching Energy Caps – THE METRO

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JUST IN: NERC fines eight DisCos N628m for breaching Energy Caps

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The Nigerian Electricity Regulatory Commission (NERC) has fined eight electricity distribution companies (DisCos) a total of N628 million for violating monthly energy caps for unmetered customers between July and September 2024.

The sanctioned DisCos include Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola.

In a statement issued on Thursday, the commission said the affected DisCos must also issue credit adjustments to the impacted customers by May 15, 2025.

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“Pursuant to Section 34(1)(d) of the Electricity Act 2023 (“EA 2023”), the commission has sanctioned eight (8) Electricity Distribution Companies (“DisCos”) – Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola, for failing to fully comply with the monthly energy caps issued by the commission between July – September 2024 (2024/Q3).” the statement read.

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