The Nigerian Electricity Regulatory Commission (NERC) has slammed a fine of ₦3.10 billion on the Abuja Electricity Distribution Company (AEDC) and Ikeja Electric Distribution Company (IE) for overbilling their customers.
According to the electricity industry regulatory agency, the fine is based on non-compliance of the DisCos with the commission’s previous order on capping estimated billing for electricity consumers.
The penalty was contained in documented ‘Order NERC/2024/114’ issued the commission.
