The Nigerian Electricity Regulatory Commission (NERC) says it has sanctioned 11 electricity distribution companies (DisCos) for non-compliance with the capping of estimated bills for unmetered customers. The commission, on Friday, declared that it would deduct N10,505,286,072 from the annual allowed revenues of the 11 power distribution companies during the next tariff review as part of sanctions over their non-compliance with the capping of estimated bills for unmetered customers. NERC, in a notice seen by Business Standards, stated that the billing of unmetered customers in their various franchise areas for 2023…
Read MoreNERC Penalises 11 DisCos, Slashes N10.5bn From Revenues + Reason
