NERC Considers Limiting Estimated Billing By Power Firm-Punch

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NERC is considering putting limits on estimated billing, as consumers continue to lament over the estimated billing system of service providers even after five years of privatising  the power sector. NERC noted that the issue of estimated billing had continued to constitute a major source of complaint by customers of all the electricity distribution companies.

According to NERC, this had led to calls by stakeholders, such as the National Assembly and other consumer groups, for the commission to find a more equitable way of ensuring that customers were billed fairly. In the ‘Consultation Paper on the Capping of Estimated Billing’ released on Friday, the regulator described the Methodology for Estimated Billing introduced in 2012 as “a complete failure.”

 

The commission said in the new consultative paper, “It is fully aware that the Discos have contractual obligation under the privatisation programme to meter all their customers within five years as contained in the performance agreement signed with the FG. “This metering obligation has, however, not been fully met by the distribution companies, leading to mounting complaints on the side of the customers.” The regulator stated that this challenge necessitated the introduction of the Methodology for Estimated Billing, which, according to it, is designed to ensure that unmetered customers are fairly billed with estimates that are scientifically derived.

 

 

 

We need $1 trillion to develop energy infrastructure in Nigeria ― Osinbajo – Tribune

Nigeria’s Vice President, Yemi Osinbajo has disclosed that about $1trillion would be required to modernise the nation’s energy infrastructure for 29 years. He said that the FG was working relentlessly to attract domestic and foreign–direct investment into the energy sector of the economy, in spite of the daunting challenge of the money needed to modernise it.

Professor Osinbajo, whose speech was read by the Minister of Science and Technology, Dr Ogbonnaya Onu, while declaring open the National Energy and Climate Change Summit in Abuja, said the government was making effort to develop policies that would achieve security of energy supply to the nation and also tackle the menace of global warming and climate change.

According to him, our energy and energy-related policies are not only geared towards energy supply but to also mitigate global warming. Our nationally determined contributions (NDCs) to the Paris Climate protocols are robust.

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