NERC reveals the reason for deducting N1.69 billion from AEDC

• The Nigerian Electricity Regulatory Commission (NERC) has approved a good of N1.69bn against Abuja Electricity Distribution Company (AEDC)
• The steadfast disclosed that the deduction was owed to the DisCos’ non-compliance with an bid to headdress estimated billing
• NERC said the wealth was deducted from AEDC’s operating expenditure for 2023 for the infraction

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

The Nigerian Electricity Regulatory Commission (NERC) has approved the deduction of N1.69 cardinal from the yearly operating expenses of Abuja Electricity Distribution Company (AEDC).

NERC disclosed successful its May 2025 supplementary bid that the deduction was owed to AEDC’s non-compliance with the bid connected capping estimated bills and a reappraisal of information further provided by the DisCo.

FG approves the deduction of N1.69 cardinal from Abuja DisCo Credit: Novatis
Source: Getty Images

NERC gives a crushed for the deduction

According to reports, NERC approved the N1.69 cardinal deduction from the full yearly OpEx of the DisCo effectual September 2024, representing 10% of the overbilled magnitude by the institution for May to September 2023.

The committee disclosed that it has provided the instauration of a transmission infrastructure money (TIF) to concern indispensable transmission projects and make initiatives to boost the transportation of transmission services successful the energy sector.

The study said:

“The money shall beryllium centrally managed and tin besides beryllium utilized to securitise vendor financing and different Public Private Partnership (“PPP”) arrangements to fund.”

The energy regulator said that AEDC is obliged by the bid to procure a minimum of 61-megawatt capableness of embedded generation, amounting to 10% of its 2024 load allocation.

TheCable reports that NERC said the determination volition amended the reliability of proviso and prolong transportation of a minimum work level nether the service-based tariff (SBT).

“A minimum of 30MW (i.e., 50%) of the embedded procreation capableness indispensable beryllium sourced from renewable vigor sources,” NERC said.

NERC orders 8 DisCos to downgrade customers

NERC’s study said the required capableness whitethorn beryllium procured oregon distributed crossed the DisCos' franchise area.

Legit.ng antecedently reported that NERC has ordered 8 energy organisation firms to downgrade 18 energy feeders successful the Band A feeders to little bands implicit their inability to proviso a minimum of 20 hours of powerfulness to the affected customers.

The committee besides ordered the DisCos to compensate Band A customers successful 213 feeders.

The breakdown of the affected DisCos

The bid was contained successful the May 2025 Supplementary Order to the Multi-Year Tariff Order (MYTO).

An investigation shows that EKDC has the largest fig of feeders to beryllium compensated, with 84 feeders.

Eko and Ikeja DisCos person the highest feeders 

Daily Trust reports that portion the main crushed was the DisCos’ inability to conscionable the 20-hour powerfulness proviso demand, 37 feeders were compensated for load shedding caused by the Transmission Company of Nigeria (TCN).

Ikeja Electric came adjacent with 50 feeders to beryllium compensated, arsenic 3 were downgraded to little bands.

However, the institution has not received support to upgrade 8 feeders to higher bands.

Also, Enugu DisCo was directed to compensate customers connected 15 feeders, with 2 feeders downgraded.

NERC orders 8 DisCos to downgrade Band A customers connected 18 feeders. Credit: NurPhoto/Contributor
Source: Getty Images

Kaduna DisCo has 8 feeders to beryllium downgraded, portion Yola DisCo was asked to downgrade 2 feeders.r

Aba Power begins escaped prepaid metre Rollout

Legit.ng earlier reported that Aba Power has begun the rollout of the 2nd signifier of its prepaid metre installation scheme.

The powerfulness inferior institution resumed operations with 20,000 astute meters provided by Eves Metering of China, which volition beryllium afloat installed wrong 1 period astatine a outgo of astir N3.5 billion.

However, the steadfast said it is not providing metres simultaneously to each its sum areas.

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Source: Legit.ng