Abuja DisCo fined N1.6bn for overbilling customers – Newstrends
Connect with us

metro

Abuja DisCo fined N1.6bn for overbilling customers

Published

on

Abuja DisCo fined N1.6bn for overbilling customers

The Nigerian Electricity Regulatory Commission (NERC) has levied a fine of N1.69 billion on the Abuja Electricity Distribution Company (AEDC) for overbilling customers between January to September 2023.

According to NERC, the penalty arises from AEDC’s failure to comply with the commission’s previous directive on capping estimated billing for electricity consumers.

The fine is detailed in ‘Order NERC/2024/114,’ was part of NERC’s September 2024 Supplementary Order, issued on August 30 and signed by Vice Chairman Musiliu Oseni and Commissioner for Legal, Licensing, and Compliance, Dafe Akpeneye.

he order, follows an investigation into AEDC’s billing practices, which revealed that customers were overcharged between January and September 2023. The fine represents 10% of the total overbilled amount.

NERC’s order reads, “Pursuant to the Commission’s Order NERC/2024/004 on Non-compliance with the Capping of Estimated Bills and subsequent petition hearings and review of data further provided by AEDC, the Commission has approved the deduction of N1.69Bn from the total annual OpEx of AEDC effective September 2024, being the 10% of the overbilled amount by AEDC for the period covering January–September 2023.” 

READ ALSO:

Indices affecting electricity tariffs 

The Nigerian Electricity Regulatory Commission (NERC) has reviewed key indices affecting electricity tariffs for Abuja Electricity Distribution Company (AEDC) for September to December 2024.

  • The exchange rate of N1,601.50 to the US dollar while the Nigerian inflation rate for July of 33.4% was deployed, and a US inflation rate of 2.9% are being used to revise tariff projections.
  • The review also maintains the January 2024 projection of an average offtake of 611MWh/h for Abuja DisCo. Additionally, NERC has set the benchmark gas-to-power price at US$2.42/MMBTU and a gas transportation tariff at US$0.80/MMBTU under the Petroleum Industry Act (PIA) 2021.
  • Following the parameters, the NERC approved a End-user tariff of N117 KWh as the tariff for the period with the cost reflective tariff being N195      .5 KWh for the month of September.

The Supplementary Order requires AEDC to procure a minimum of 61MW of embedded generation, with at least 30MW coming from renewable energy sources, to enhance electricity reliability within its franchise area.

According to the NERC, the procurement must be completed by April 2025. NERC noted that this step is crucial for AEDC to fulfill its service obligations under the Service-Based Tariff framework.

Additionally, NERC approved new tariffs effective from September 1, 2024, and included provisions for compensating customers for service failures, particularly those on Band A feeders.

Abuja DisCo fined N1.6bn for overbilling customers

metro

200,000 repentant terrorists surrender, drop arms in North East – CDS

Published

on

Chief of Defence Staff, General Christopher Musa

200,000 repentant terrorists surrender, drop arms in North East – CDS

The Chief of Defence Staff, General Christopher Musa, has disclosed that about 200,000 repentant terrorists have so far dropped their arms and surrendered to troops in the North East, noting that the twin strategy of kinetic and non-kinetic operations was responsible for this achievement.

The CDS made this known at the Security and Justice Symposium organised by the Office of the National Security Adviser (ONSA) in collaboration with the British High Commission, which began at the National Counterterrorism Centre in Abuja on Tuesday.

He disclosed that the theme of the symposium, ”Securing Peace, Ensuring Justice, Protection, Conduct, and Accountability,” speaks volumes about the deluge of security challenges the armed forces and security agencies are facing.

His words, “All the challenges we are facing today have to do with fairness, equity, justice, and accountability.

“There will not be peace without justice, equity, fairness, and accountability. In our operations, we are conducting both kinetic and non-kinetic strategies, which have to a large extent yielded significant successes, and we want to particularly thank the National Security Adviser for his great support in this regard.

“Nigeria is going through so many challenges, and we feel we’re able to address this, and everybody has a sense of belonging. A lot of the security challenges we are having, we are sure, will go down. I want to thank the National Security Advisor for all the support he’s given us, both the kinetic and the non-kinetic.

“We have said it; the kinetic aspect is just less than 30%. The non-kinetic has a lot to play. The non-kinetic, because when you have democracy, people must have the evidence of democracy. As long as it tells people to sleep well and be peaceful, and they are hungry, their children cannot eat, and all this creates more problems.

READ ALSO:

“The issue of informants. We have to look at how we tackle this issue of informants. Because these are the people who have created the issue.

200,000 repentant terrorists surrender, drop arms in North East – CDS

Continue Reading

metro

Robbers kill two members in shoot-out with Delta police

Published

on

Robbers kill two members in shoot-out with Delta police

The spokesperson for the police in Delta State, SP Bright Edafe, has confirmed the death of two robbery suspects in the state.

Mr Edafe, who disclosed this to journalists on Tuesday in Warri, said that the deceased were killed from the bullets shot by their gang members.

According to him, the incident occurred on Wednesday at Effurun, Uvwie Local Government Area of the state.

Mr Edafe explained that the deceased were leading the police surveillance team attached to the Ekpan Division to their hideout when they were caught during a shoot-out.

READ ALSO:

“The suspects were arrested at Effurun roundabout with a bag containing 57 live cartridges and other items. They were leading the surveillance team to their hideout at Warri/Sapele road when their gang members, on sighting the vehicle of the police team, engaged them in a shootout.During the gun duel, the arrested suspects that were leading the police team were fatally wounded by the gun shot of their colleagues. The two injured suspects were taken to the hospital and later died while receiving treatment,” he said.

Mr Edafe said that items recovered from the hoodlums hideout included: one English pump action gun, one locally made cut-to-size gun and eight live cartridges.

Others were: six iPhones, Smart phones and a Rolex wrist watch.

He said that the command had intensified manhunt on the fleeing members of the gang.

 

Robbers kill two members in shoot-out with Delta police

(NAN)

Continue Reading

metro

Akwa Ibom businessman abducted, driver killed, police orderly injured

Published

on

Dr. Samuel Ekerenam
Akwa Ibom businessman abducted, driver killed, police orderly injured
Gunmen kidnapped a prominent businessman, Dr. Samuel Ekerenam and k!lled his driver in Eket town, the headquarter of Eket Local Government Area of Akwa Ibom State.
Ekerena, the owner of Hephzibah Mall, was abducted about 10:00pm on Saturday, 23 November, 2024.
It was gathered that the gunmen trailed the victim to the shopping complex, shooting sporadically to scare the passers-by away before whisking him away to an unknown destination.
READ ALSO:
The body of Ekerenam’s driver was discovered in the pool of his blood, while his police orderly was severely wounded in the gun attack.
The spokesperson of the State Police Command, ASP Timfon John, who confirmed the incident on Monday, November 25, said the Commissioner of Police, CP Joseph Eribo has deployed tactical operatives to comb for the abducted businessman.
The PPRO added that the police were on top of the game and very soon the kidnap victim would be rescued and the perpetrators made to face the full weight of the law.

Akwa Ibom businessman abducted, driver killed, police orderly injured

Continue Reading

Trending