...
  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Saturday, May 31, 2025
  • Login
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
No Result
View All Result
No Result
View All Result
Home Business & Economy

Eight Power Distributors Penalized for Overcharging Unmetered Customers

by Victoria Ogbadu
April 10, 2025
in Business & Economy
Reading Time: 1 min read
0
power
491
SHARES
1.4k
VIEWS
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

Nigeria’s electricity regulator, the Nigerian Electricity Regulatory Commission (NERC), has imposed fines totaling N628.03 million on eight power distribution companies—Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola—for flouting rules limiting estimated bills for unmetered consumers.

In a statement released Thursday, NERC disclosed that the penalties followed a review of billing practices from July to September 2024, which exposed violations of mandated monthly energy caps. The fines equate to 5% of the excess amounts charged during the quarter.

Additionally, the regulator ordered these distributors to issue refunds or credit adjustments to affected customers by May 15, 2025, aligning with the April billing cycle deadline. NERC stressed its zero-tolerance stance for arbitrary billing, reaffirming its focus on safeguarding consumers and enforcing compliance in the power sector.

The action stems from a 2020 directive (Order No: NERC/197/2020) that capped estimated bills to mirror the consumption patterns of metered users on the same feeders.

The commission remains unwavering in its commitment to upholding fair practices and protecting electricity consumers nationwide, NERC stated.

ALSO READ TOP STORIES FROM VERILY NEWS

Tags: NERCNigeria
Share196Tweet123Share34
Victoria Ogbadu

Victoria Ogbadu

Related Posts

oil

Oil Price Forecast Downgraded Amid OPEC+ Supply Surge and Trade Uncertainty

by Victoria Ogbadu
May 30, 2025
0

Oil prices are projected to decline in 2025 as swelling supply from OPEC+ and persistent trade disputes dampen demand, according...

SEC

SEC Decries Nigerians’ Trust in Ponzi Schemes Despite Safer Investment Options

by Victoria Ogbadu
May 30, 2025
0

The Securities and Exchange Commission (SEC) has expressed concerns over Nigerians’ ongoing attraction to Ponzi schemes, despite the availability of...

MONEY

Nigeria’s Money Supply Hits ₦119.10 Trillion Amid CBN’s Tight Monetary Policy

by Victoria Ogbadu
May 30, 2025
0

Nigeria’s money supply (M3) soared to an unprecedented N119.10 trillion in April 2025, defying the Central Bank of Nigeria’s (CBN)...

TRADE

U.S. Trade Court Ruling Blocks Trump’s Tariffs; Financial Markets Rally Amid Uncertainty

by Victoria Ogbadu
May 29, 2025
0

A U.S. trade court ruling on Wednesday, which struck down the majority of President Donald Trump's broad tariffs, has sent...

FIRS

FIRS Reassures Manufacturers on Data Security in E-Invoicing Initiative

by Victoria Ogbadu
May 29, 2025
0

The Federal Inland Revenue Service (FIRS) has allayed concerns among manufacturers regarding the security of sensitive business data under the...

Load More
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
LOJAY

Lojay: Headies Holds Greater Value for Nigerian Artists Than Grammys

May 30, 2025
RUSSELL

Russell Brand Pleads Not Guilty to Sexual Offence Charges in London Court

May 30, 2025
Photo of Diezani Alison-Madueke

Court Sets June 30 for Hearing in Diezani Alison-Madueke’s Asset Forfeiture Case

May 30, 2025
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.