FCCPC backs NERC’s N10.5bn fine on 11 DisCos over arbitrary billing

FCCPC backs NERC’s N10.5bn fine on 11 DisCos over arbitrary billing

Share this post
Listen to this article

The Federal Competition and Consumer Protection Commission, FCCPC, has backed the Nigerian Electricity Regulatory Commission, NERC’s recent N10.5 fine on eleven electricity distribution companies over arbitrary billing of unmetered consumers.

DAILY POST reports that NERC slammed N10.5 billion sanction on DisCos over non-compliance with the capping of estimated bills for unmetered customers.

READ ALSO  Lisa Vanderpump Shuts Down Tom Sandoval Suicide Talk, Reflects on Late Brother Who Took …

Reacting to the development, FCCPC, in a statement by Adamu Abdullahi, Acting Executive Vice Chairman, said the move will protect consumers from obnoxious practices by companies operating in Nigeria.

“This decisive measure aligns with the FCCPC’s mandate outlined in the Federal Competition and Consumer Protection Act, FCCPA 2018, particularly Section 17 (s), which empowers the Commission to protect consumers from obnoxious practices or unscrupulous exploitation by companies, firms, trade associations or individuals, and to demand redress on their behalf.

READ ALSO 
'Elden Ring' is reportedly coming to your phone. Here’s what we know.

“We stand in solidarity with NERC in its commitment to safeguard unmetered customers from arbitrary billing by DisCos. The capping regulation was a significant step towards ensuring fairer treatment for those without meters, and the FCCPC fully supports its enforcement”, he stated.

FCCPC backs NERC’s N10.5bn fine on 11 DisCos over arbitrary billing

READ ALSO  How To Maximise Google Ads Results With A Low Budget

Go to Source

Leave Your Comment

Newsbreakforum