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    Ex-AGF Malami sold recovered properties to family members, inflated and shared commission from recovered Abacha loot, say Kebbi govt

    Ex-AGF Malami sold recovered properties to family members, inflated and shared commission from recovered Abacha loot, say Kebbi govt

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    92-year-old Biya re-elected after 43 years in power

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    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

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  • Welcome
  • Special reports
    • All
    • Unedited for the record
    Ex-AGF Malami sold recovered properties to family members, inflated and shared commission from recovered Abacha loot, say Kebbi govt

    Ex-AGF Malami sold recovered properties to family members, inflated and shared commission from recovered Abacha loot, say Kebbi govt

    92-year-old Biya re-elected after 43 years in power

    92-year-old Biya re-elected after 43 years in power

    SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

    SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

    Constitution Review: NASS joint committee approves additional state for South-east

    Constitution Review: NASS joint committee approves additional state for South-east

    The legal right to protest: Malcolm Omirhobo condemns arrest of Nnamdi Kanu’s lawyer and brother | By Daniel Okonkwo

    Nnamdi Kanu seeks 90 days for defence, lists Uzodimma, Wike, Sanwo-olu, Buratai, others as witnesses

    FG directs MDAs to submit statement of account over TSA violations

    FG directs MDAs to submit statement of account over TSA violations

  • Metro News
    Abuja neighbourhood protest conversion of green areas to estates

    Abuja neighbourhood protest conversion of green areas to estates

    Police discovers decomposing bodies of woman, two children in Abuja community

    Police discovers decomposing bodies of woman, two children in Abuja community

    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    FCTA clears 1,000 shanties in Abuja district

    FCT set up committee to probe sales of FG houses, parks

    FCT set up committee to probe sales of FG houses, parks

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

  • Latest News
    • All
    • Crime watch
    RCCG pastor arraigned for allegedly molesting 14-year-old girl in Lagos

    RCCG pastor arraigned for allegedly molesting 14-year-old girl in Lagos

    Federal University of Lafia gets new  VC

    Federal University of Lafia gets new VC

    Unemployment crisis: Stakeholders seek better business environment

    Unemployment crisis: Stakeholders seek better business environment

    Ex-AGF Malami sold recovered properties to family members, inflated and shared commission from recovered Abacha loot, say Kebbi govt

    Ex-AGF Malami sold recovered properties to family members, inflated and shared commission from recovered Abacha loot, say Kebbi govt

    Trump slams  $15bn lawsuit against NYT over Epstein reports

    Trump orders Pentagon to start testing nuclear weapons

    FRSC confirms the death of Ogun Command’s spokesperson

    FRSC confirms the death of Ogun Command’s spokesperson

    Trending Tags

  • Infotech
    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

    FG begins construction of emerging technologies Institute in Kano

    FG begins construction of emerging technologies Institute in Kano

  • World conflict & diplomacy
    Trump slams  $15bn lawsuit against NYT over Epstein reports

    Trump orders Pentagon to start testing nuclear weapons

    Israel confirms release of hostages in Gaza to begin early on Monday

    Israel confirms release of hostages in Gaza to begin early on Monday

    UN chief urges compliance after Israel-Hamas agreement on Gaza plan

    UN chief urges compliance after Israel-Hamas agreement on Gaza plan

    Hamas accepts new Gaza truce plan – Official

    Hamas accepts new Gaza truce plan – Official

    Ukraine conflict: Trump and Putin end Alaska summit without deal

    Ukraine conflict: Trump and Putin end Alaska summit without deal

    Rwanda-backed rebels kill hundreds in DRC despite U.S.-sanctioned ceasefire

    Rwanda-backed rebels kill hundreds in DRC despite U.S.-sanctioned ceasefire

  • Africa
    92-year-old Biya re-elected after 43 years in power

    92-year-old Biya re-elected after 43 years in power

    Four dies in Cameroon opposition protests ahead of election results

    Four dies in Cameroon opposition protests ahead of election results

    Gunmen abduct electoral commissioner, ex-SUBEB chair in Niger state

    Gunmen abduct electoral commissioner, ex-SUBEB chair in Niger state

    State police needed to end Plateau violence- Governor Mutfwang

    State police needed to end Plateau violence- Governor Mutfwang

    Deputy speaker Kalu lament  funding delay for Southeast development commission

    Kalu drums support for state police, says only solution to insecurity

    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

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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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