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  • Special reports
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    Rivers Government probe death of two-year-old pupil in Wisdom Gate International School, shut academic activities Indefinitely

    Rivers Government probe death of two-year-old pupil in Wisdom Gate International School, shut academic activities Indefinitely

    Nigeria military suffers fresh casualties after losing a Commanding officer, six soldiers in Borno

    Nigeria military suffers fresh casualties after losing a Commanding officer, six soldiers in Borno

    His continued incarceration  a source of pain for Ndigbo, Ohanaeze says in a renewed call for Kanu release

    His continued incarceration a source of pain for Ndigbo, Ohanaeze says in a renewed call for Kanu release

    Trump: Iran’s new supreme leader alive but ‘damaged’

    Iran has undergone ‘regime change’, says Trump

    For daring the ruling class, Nigeria military dismisses soldier who urged children of the elites to join fight against bandits

    For daring the ruling class, Nigeria military dismisses soldier who urged children of the elites to join fight against bandits

    Dangote refinery raises petrol price for the fifth time in March from N774 to N1275 per litre

    Dangote refinery raises petrol price for the fifth time in March from N774 to N1275 per litre

  • Metro News
    FCT NAWOJ demands justice for women

    FCT NAWOJ demands justice for women

    FCT suspends riders, drivers  levy over multiple taxation complaints

    FCT suspends riders, drivers levy over multiple taxation complaints

    Wike nullifies 485 R of O applications over fake allocation papers

    Wike nullifies 485 R of O applications over fake allocation papers

    FCTA begins crackdown on  1,095 abuja properties over non-payment of statutory charges

    Wike has met 10 out of 14 workers demands, says aide

    FCTA removes 607 beggars, mentally challenged from Abuja streets

    FCTA removes 607 beggars, mentally challenged from Abuja streets

    FCTA workers announces indefinite strike over tenure elongation of retired perm sec, directors ,others

    FCTA workers announces indefinite strike over tenure elongation of retired perm sec, directors ,others

  • Latest News
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    • Crime watch
    FG disowns fake N500,000 YEIDEP grant flyer

    FG disowns fake N500,000 YEIDEP grant flyer

    Mugabe’s son pleads guilty to attempted murder in South Africa

    Mugabe’s son pleads guilty to attempted murder in South Africa

    Rising transport cost worsen Nigeria’s cost-of-living crisis- IMF

    Rising transport cost worsen Nigeria’s cost-of-living crisis- IMF

    NHA to shutdown unregistered hotels in Nigeria

    NHA to shutdown unregistered hotels in Nigeria

    Tinubu congratulates Benin President-elect Wadagni

    Tinubu congratulates Benin President-elect Wadagni

    Kebbi governor terminates N150 million monthly support to KEDCO

    Kebbi governor terminates N150 million monthly support to KEDCO

    Trending Tags

  • Infotech
    Amazon turns to artificial intelligence after cutting 16,000 jobs.

    Amazon turns to artificial intelligence after cutting 16,000 jobs.

    Cyber attack disrupts European airports

    Cyber attack disrupts European airports

    NIMC partners online publishers to boost digital security through NIN enrollment

    NIMC partners online publishers to boost digital security through NIN enrollment

    Facebook set new monetization rules for creators who uses other people content

    Facebook set new monetization rules for creators who uses other people content

    Senate approves restoration of Aniocha North II State Constituency, Delta

    Bill mandating social media platforms to have physical office, records of employees pass second reading at the Senate

    Nigeria investigated  213 privacy breaches in 2024-NDPC

    Nigeria investigated 213 privacy breaches in 2024-NDPC

  • World conflict & diplomacy
    Trump: Iran’s new supreme leader alive but ‘damaged’

    Iran has undergone ‘regime change’, says Trump

    China, Russia abstain as UN adopts resolution condemning Iran’s attacks on Gulf

    China, Russia abstain as UN adopts resolution condemning Iran’s attacks on Gulf

    Iran President apologises to neighbouring countries for attacks

    Iran President apologises to neighbouring countries for attacks

    BREAKING: Iran’s supreme Leader Ali Khamenei confirmed dead

    Iran state media confirms Ayatollah Ali Khamenei death

    US evacuates citizens from Israel as tension with Iran peaks

    US evacuates citizens from Israel as tension with Iran peaks

    Former UK prime minister Blair, Witkoff, Rubio on the list of  Trump’s Gaza ‘Board of Peace ‘

    Former UK prime minister Blair, Witkoff, Rubio on the list of Trump’s Gaza ‘Board of Peace ‘

  • Africa
    Mugabe’s son pleads guilty to attempted murder in South Africa

    Mugabe’s son pleads guilty to attempted murder in South Africa

    Tinubu congratulates Benin President-elect Wadagni

    Tinubu congratulates Benin President-elect Wadagni

    Fresh Benue bandit attacks claims 13 lives, police officer

    Fresh Benue bandit attacks claims 13 lives, police officer

    Djibouti president extends 27- year rule after win

    Djibouti president extends 27- year rule after win

    Trump makes up with Sahel Juntas, with eye on US interests

    Trump makes up with Sahel Juntas, with eye on US interests

    Gov Otti to immortalise 1929 Aba Women’s Riot heroines

    Gov Otti to immortalise 1929 Aba Women’s Riot heroines

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Home Finance & economy

NERC fines AEDC N200 million for ‘mistakenly’ increasing tariff of all customers to Band A grade

Daily Intel Newspaper by Daily Intel Newspaper
April 5, 2024
NERC fines AEDC N200 million for ‘mistakenly’ increasing tariff of all customers to Band A grade
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The Nigerian Electricity Regulatory Commission (NERC) has fined the Abuja Electricity Distribution Company (AEDC) N200 million for failure to comply with the prescribed customer band classifications for the tariff billing.

A statement by the NERC management in Abuja on Friday said AEDC was fined for non-compliance with the supplementary order to the April Multi-Year Tariff Order 2024 for the company.

The NERC said AEDC will pay the N200 million as a fine for the flagrant breach of the commission’s order.

According to the NERC, the decision follows a detailed review and customer feedback, revealing that AEDC had applied the new tariff to all customer bands, contrary to the order designed to ensure fair billing practices.

”AEDC is therefore mandated to reimburse all customers in Bands B, C, D and E, respectively, that were billed above the allowed customer categories/tariff bands provided in the order.

”Reimburse through the provision of the balance of customer tokens that the affected customers would be entitled to receive at the applicable rates.

”And all token reimbursements shall be issued to the affected customers by April 11, 2024,” the commission said.

The commission also directed the AEDC to file evidence of compliance with the directives in a and c with the commission by April 12.

The NERC management said its action underscores its commitment to protecting consumer rights and ensuring equitable practices within Nigeria’s electricity sector.

Meanwhile, on Thursday, AEDC apologised for the wrong charges faced by some Band A customers who tried to recharge their meters following the new tariff regime.

(NAN)

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