May 30, 2025
The Nigerian Electricity Regularly Commission, NERC has approved the deduction of 1.69 billion Naira from the total annual Operating Expenditure of Abuja Electricity Distribution Company, AEDC.
In a statement by NERC on Friday, it said the deduction is for non-adherence to the Order on Capping of estimated bills, stating that it is the 10% of the over billed amount by AEDC to its customers for the period covering May to September 2023.
The electricity regulator emphasised that AEDC will be held accountable for service deliveries per commitment under its Service-Based Tariff proposals, which seek to align end-user tariffs in proportion to the service level enjoyed by customer clusters as measured in average hours of supply per day over one month.
The fund will be centrally managed and can also be used to securitise vendor financing and other Public Private Partnership arrangements to fund infrastructure gaps in the transmission network.
