NERC Fines 8 Discos N628m
The Nigerian Electricity Regulatory Commission (NERC), Thursday, imposed sanction on eight electricity distribution companies (DisCos).
Consequently, they have been fined a total of N628 million for violating monthly energy caps for unmetered customers between July and September 2024.
According to a statement by the Commission, the affected DisCos include Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola.
Prompt News reports that the commission did not however disclose how much each of the Disco would pay.
NERC said the affected DisCos must also issue credit adjustments to the impacted customers by May 15, 2025.
The statement reads: “Pursuant to Section 34(1)(d) of the Electricity Act 2023 (“EA 2023”), the commission has sanctioned eight (8) Electricity Distribution Companies (“DisCos”) – Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola, for failing to fully comply with the monthly energy caps issued by the commission between July – September 2024 (2024/Q3).
“The public may recall that in 2020, the commission issued the Order on Capping of Estimated Bills (Order No: NERC/197/2020) and subsequently issued monthly energy caps, which aimed to align the estimated bills for unmetered customers with the measured consumption of metered customers on the same supply feeder.
“A review of the DisCos billing of unmetered customers for July – September 2024 (2024 Q3) revealed non-compliance with the monthly energy caps issued by the commission.
“The non-compliant DisCos have been sanctioned to pay fines amounting to six hundred and twenty-eight million, thirty-one thousand, five hundred and eighty-three naira and ninety-four kobo (N628,031,583.94), which is equivalent to 5 per cent of the naira value of the gross overbilling for the period under review.
“The commission has also mandated the Discos to issue commensurate credit adjustments to all customers affected by the overbilling by 15th May 2025 – the end of the April 2025 billing cycle.”
Aradel Holdings Plc Attains ISO 9001: 2015 Certification
Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), Nigeria’s leading integrated indigenous energy company, has successfully attained the ISO 9001: 2015 Certification for Quality Management.
ISO 9001: 2015 is an internationally recognised standard for quality management, which helps organisations improve efficiency, meet stakeholder expectations and demonstrate their commitment to quality. Its requirements define how to establish, maintain and continually improve a company’s quality management system to ensure consistent high-level processes and outcomes.
Additionally, Aradel recently obtained its re-certification of the ISO 14001: 2015 standards. This recertification demonstrates Aradel’s commitment to the continuous improvement of environmental practices and ongoing environmental responsibility, ensuring compliance with the standard’s requirements through regular audits and assessments.
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As part of the independent audit for ISO 9001:2015, departments within Aradel demonstrated their adherence to and conformity with the Company’s principles, including a process-oriented approach with well-established standard operating procedures, a strong customer and stakeholder focus, and a commitment to continuous improvement all of which benefit from the active involvement and buy-in of top management and staff. This process was supported by Lenora Consulting Limited, who provided guidance throughout the process.
Since inception, Aradel has demonstrated an unwavering dedication to doing things differently to benefit Nigeria and its people, and this latest milestone further reinforces its commitment to excellence as the company fulfills its vision of delivering sustainable energy solutions that support economic development.
Commenting on the Certification, Adegbite Falade, MD/CEO Aradel Holdings, said, “Aradel’s continued strong performance over the years is a testament to our commitment to excellence and innovation, principles that are deeply embedded within our corporate culture. Our success is built on the solid processes and controls that drive our quality management systems and underpin our business operations. Achieving the prestigious ISO 9001:2015 certification for Quality Management and renewing our ISO 14001:2015 certification demonstrates our dedication to maintaining both profitability and sustainability and positions us for even greater achievements in the future. I would also like to extend special recognition to the team, whose dedication and hard work made this achievement possible.’
