NERC fines Ikeja Disco N131.4m for not sup­ply­ing paid me­ters

Daily Trust - - BUSINESS - By Si­mon Echewo­fun Sun­day

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.

It noted that the Disco “failed, re­fused and or ne­glected to re­spond to the man­i­fest and fla­grant breaches ob­served by the Com­mis­sion” af­ter the warn­ing pe­riod ex­pired on Au­gust 24.

“It is hereby or­dered that IKEDC shall with im­me­di­ate ef­fect from the date of this Or­der, com­ply with the CAPMI Or­der and for­ward ev­i­dence of full com­pli­ance to the Com­mis­sion within two weeks,” the state­ment de­clared.

The Com­mis­sion is yet to speak on the fate of the 10 Dis­cos on the sub­stance of their re­ports on in­con­sis­ten­cies in com­ply­ing with CAPMI, af­ter they had made sub­mis­sions within the time frame.

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