NERC Fines DisCos N9.11bn for Overbilling Unmetered Customers
The Nigerian Electricity Regulatory Commission (NERC) has imposed fines totaling N9.11 billion on the country’s 11 electricity distribution companies (DisCos) for overbilling unmetered customers through estimated billing practices. The penalties were announced in the September 2024 Supplementary Order of the Multi-Year Tariff Order (MYTO), released by NERC on Friday. While NERC kept the electricity tariff…