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  • Welcome
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    BREAKING: Innovation minister Nnaji resigns amid academic record crisis

    BREAKING: Tinubu declares emergency on security, approves state police

    Italian Prime Minister says violence against Christians unacceptable, urge Nigeria govt to take actions

    Italian Prime Minister says violence against Christians unacceptable, urge Nigeria govt to take actions

    Trump issues fresh warning to Nigerian govt, insists extremists committing genocide against Christians

    Trump issues fresh warning to Nigerian govt, insists extremists committing genocide against Christians

    Terrorists kidnap dozen of students in Niger Catholic school attack

    Terrorists attacks disrupts education in Nigeria’s North as Taraba orders schools to close hostels

    Abia House of Assembly write Tinubu, demand Nnamdi Kanu’s unconditional release

    Abia House of Assembly write Tinubu, demand Nnamdi Kanu’s unconditional release

    Terrorists captures serving military general, kills several soldiers in Borno midnight ambush

    Terrorists captures serving military general, kills several soldiers in Borno midnight ambush

  • Metro News
    Resident doctors suspends strike, issues fresh four weeks ultimatum

    JUST IN: FCT resident doctors suspends strike

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

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

    NCDMB partners renaissance, first E&P, to launch Nigerian engineering olympiad

    NCDMB partners renaissance, first E&P, to launch Nigerian engineering olympiad

    FCTA distributes 5000 cylinders to formally end use of charcoal, firewood for cooking

    FCTA distributes 5000 cylinders to formally end use of charcoal, firewood for cooking

    Wike issues final grace period for FCT land use defaulters

    Wike issues final grace period for FCT land use defaulters

    Indefinite strike: FCTA has met 90% of resident doctors’ demands- official

    Indefinite strike: FCTA has met 90% of resident doctors’ demands- official

  • Latest News
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    Cameroonian opposition leader dies in detention

    Cameroonian opposition leader dies in detention

    Insecurity: Governors from the northern region are currently holding emergency meeting

    Insecurity: Governors from the northern region are currently holding emergency meeting

    Resident doctors suspends strike, issues fresh four weeks ultimatum

    JUST IN: FCT resident doctors suspends strike

    I’m committed to your freedom, Abia gov assures Kanu during Sokoto prison visit

    I’m committed to your freedom, Abia gov assures Kanu during Sokoto prison visit

    Bandits abduct Kebbi deputy speaker

    Kogi govt confirms terrorist attack on C&S Church, says pastor, wife, worshippers abducted

    Missing N18.6bn NASC complex fund: SERAP sues Akpabio, Abbas

    Missing N18.6bn NASC complex fund: SERAP sues Akpabio, Abbas

    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 issues fresh warning to Nigerian govt, insists extremists committing genocide against Christians

    Trump orders complete closure of Venezuelan airspace

    Trump bars South Africa from 2026 G20,  Ramaphosa vows to attend

    Trump bars South Africa from 2026 G20, Ramaphosa vows to attend

    Ukraine seals  deal to buy 100 French fighter jets

    Ukraine seals deal to buy 100 French fighter jets

    US War Secretary express readiness to attack Nigeria over killings and persecution of Christians in Nigeria

    US War Secretary express readiness to attack Nigeria over killings and persecution of Christians in Nigeria

    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

  • Africa
    Military seizes  power in Guinea-Bissau

    Military seizes power in Guinea-Bissau

    Terrorists kidnap dozen of students in Niger Catholic school attack

    Terrorists attacks disrupts education in Nigeria’s North as Taraba orders schools to close hostels

    TikTok to honour African creators, artistes, trendsetters in Johannesburg

    TikTok to honour African creators, artistes, trendsetters in Johannesburg

    US War Secretary express readiness to attack Nigeria over killings and persecution of Christians in Nigeria

    US War Secretary express readiness to attack Nigeria over killings and persecution of Christians in Nigeria

    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

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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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