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The Nigerian Electricity Regulatory Commission (NERC) has imposed an N1.69 billion fine on Abuja Electricity Distribution Company (AEDC) for overbilling its customers, which is an uncultured attitude from an organization.
This penalty comes as a result of AEDC’s non-compliance with NSERC’s directive on capping estimated billing for electricity consumers between January and September of last year, 2023.
The fine represents 10% of the overbilled amount, highlighting the regulatory body’s commitment to protecting consumers and not cheating then with the current struggling form in the country as a result of the chaotic economy.
NERC emphasized its decision to deduct the fine from AEDC’s operating expenses for 2024 as a result of its actions on the customer.
“The commission has approved the deduction of N1.69 billion from AEDC’s annual operating expenditure as a penalty for non-compliance with the order on capping estimated bills,” the commission stated.
This action is part of the regulatory body’s efforts to enforce fair billing practices across the electricity sector to ensure everyone follows the necessary laws and orders laid down.
In addition to the fine, NERC directed AEDC to improve service delivery by continuously monitoring electricity supply levels and adhering to service-based tariffs for accurate cooperation of all other bodies.
AEDC is also mandated to procure at least 61 MW of embedded generation, with 30 MW from renewable energy sources, by April 2025 to ensure reliability in electricity supply.
