The Nigerian Electricity Regulatory Commission (NERC) has handed a fine sum of N131,400,000 to Ikeja Electricity Distribution Company (IKEDC) for not metering customers who paid for meters within 45 days.
Daily Trust reports that NERC had ordered the 11 Distribution companies (Discos) on August 17, 2015 to satisfactorily explain customers’ status that paid for meters under the Credited Advance Payment on Metering Initiative (CAPMI).
CAPMI permits willing electricity customers to pay for meters which should be supplied within 45 days and later be refunded through electricity credit with interest.
“IKEDC shall pay an administrative fine of N250.00 per minute of every hour of the day for a period of one year from September 29, 2014 to September 28, 2015 for non-compliance with CAPMI Order, with a moratorium from May 14, 2013, being the date of the CAPMI Order, to September 28, 2014.
“The Disco was further ordered to “pay an administrative fine of N500.00 per minute of every hour of the day where it continues in default of compliance from October 12, 2015 until compliance,” it said.
The fine, contained in Order NERC/141 and issued September 29, 2015, was made available at the weekend through a statement from the Commission.